Commercial banking

The Federal Home Loans Bank System is under pressure to fund more affordable housing and has several proposals that may work in tandem with Vice President Kamala Harris' goal of building three million new units in her first term.

With more than a decade of experience in a variety of executive roles at high-growth technology companies, Angus McDonald is the Co-Founder and Chief Executive Officer at Cover Genius overseeing the global expansion and development of Cover Genius across industries.

Before Cover Genius, Angus was the VP of International Business Development at iClick Interactive, and Head of Publisher Partnerships at Yahoo!. Angus has a Bachelor of Science in Mathematics and Computer Science from the University of Technology Sydney and is a passionate contributor to rural and youth wellbeing programs through personal efforts and those of CG Gives, the philanthropic arm of Cover Genius.

Jessica Buss is the CEO of the Argo Group.

A trigger occurs if the reserve fund is less than 50% of the reserve fund target amount, or if the payment date where the outstanding HEA valuation is less than 80% of the starting home valuation.

James Lichau, CPA, is an assurance partner with BPM LLP.

Amber Zeise is the director of people at Cocoon, a leave management platform that streamlines the process of managing employee leave. Amber is committed to creating transparent and consistent processes that not only empower employees, but also drive business success. With a strong background in recruiting, she is deeply passionate about Diversity, Equity, Inclusion, and Belonging (DEIB) and excels at establishing structured recruiting practices, as well as optimizing the entire employee lifecycle to foster a more inclusive, efficient workplace.

The fund aims to bring greater granularity and spreads of consumer assets to institutional investors that typically have a greater exposure to corporate credit assets.

The Federal Reserve chair said he supports the revised proposal outlined by Vice Chair for Supervision Michael Barr and said the new proposal would get a vote by the full Board of Governors early next year.

Joey Pagaduan is a program manager at The Center at Impact Justice.

Rafael Rogel is vice president and financial education manager at Beneficial State Bank.

Short-term rate cuts often don't immediately translate to lower financing costs for 30-year home loans, and there are some unique circumstances this time.

Scott Simpson is the president and chief executive officer of the California and Nevada Credit Union Leagues and the Utah Credit Association.

The move signals the end of the Federal Reserve's battle against runaway inflation in the wake of the COVID-19 pandemic. Fed officials expressed divergent views on further action this year.

Richard J. Corn, CPA, is director of product management at BILL.

The 144A deals close within a week of each other and both have eight-year maturities. Series 2024-P3 has four class A tranches compared with 2024-N3's three class As.

The team will report to Vincent Pham as UMB Bank enhances its capabilities in CLO trustee and loan administration services.

Heather Senison is an award-winning journalist covering finance, real estate and design. Her writing can also be found in publications like The New York Times, The New York Post, The Real Deal and Forbes. Visit heathersenison.com to connect and learn more about her work.

Joelle Monaco is the president of Joelle Monaco Consulting.

COLT 2024-5 has a higher concentration of full documentation loans, 6.1%, compared with 5.1% on the COLT 2024-4 deal, and smaller concentrations of piggyback mortgages and loans on investor properties.