Commercial banking

Quantitative tightening has helped to keep mortgage rates elevated, but new concerns over how it impacts market liquidity could lead the Fed to end the program.

For the first time since Aug. 1, money markets imply fewer than 50 basis points of rate reductions through the end of the year.

Total insured wind and flood losses are predicted to be between $10.5 billion and $17.5 billion, according to CoreLogic. Earlier estimates placed the cost of insured damages between $3 billion and $5 billion.

Notes benefit from overcollateralization of 2.60% of the initial pool. Subordination and a sequential payment priority will cause enhancement to be built up in the transaction, with overcollateralization reaching 4.5%.

Keith Wallace is a senior benefits practice leader at PCF Insurance Services, a national insurance brokerage that offers a broad array of commercial and personal lines, life and health, employee benefits, and workers' compensation solutions. He is skilled in Health Insurance, Disability Insurance, and Term Life Insurance

Jeff Hogan is president of Upside Health Advisors.

The strong jobs report had traders shredding their aggressive bets for outsized rate cuts at the next policy meeting.

Tentative FDIC guidelines would impose stricter governance and risk management standards on banks exceeding $10 billion of assets, drawing concern over potential regulatory overreach and conflicts with state laws.

Briana Marbury is president and chief executive officer of the Interledger Foundation, which advocates for equity and inclusion in the global payments network.

Credit enhancement on the notes includes 3.5% in excess spread, subordination of the class M notes equaling 3.%, and a liquidity reserve that will equal 0.45% of the closing PACE assets balance.

Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections.

Issuance volume of asset-backed securities for the year through October 3, 2024

Coordinated strikes by dock workers along the Eastern Seaboard and the Gulf Coast could cause issues for banks that provide credit to foreign shipping groups and domestic trucking companies.

Underwriting league tables of asset-backed securities through October 3, 2024

In a potential credit drawback, TALT 2024-B has a residual value setting of 51.3% of the manufacturer's price. It was less than 50% in all the 2023 lease securitizations.

The conforming 30-year fixed rate mortgage rose to 6.12% on Oct. 3.

Priscilla Sims Brown serves as president and CEO of Amalgamated Bank, a full-service bank, lender and investment manager with a century-long commitment to advancing positive social change.

The collateral has subprime credit attributes, the credit quality of the Westlake 2024-3 pool was incrementally better than the 2024-2 transaction, and notably better than the 2023-4 deal.

Jacob Channel is the senior economist for LendingTree.