Commercial banking

Spreads for Fannie Mae current coupon mortgage bonds, a proxy for securities being created now, jumped 0.07 percentage point to 1.41 percentage point, on track for the most widening in a day since April.

Michal Katz is head of investment & corporate banking at Mizuho Americas.

The country's renter population is dramatically outpacing the growth in homeowner households due to a multifamily construction boom that's limited price gains.

Market turmoil is driving the 10-year Treasury yield downward and taking mortgage rates with it, putting more borrowers in the money to refinance, Intercontinental Exchange said.

A long-time industry observer and bank regulation expert spells out the steps banks should take to ensure their fintech relationships are safe.

Sen. Jack Reed, D-R.I., asked the Federal Reserve to require public reporting of synthetic risk transfers — also known as credit risk transfers, or CRTs — through bank call reports and systemic risk reports.

The final maturity date is set in relation to the final payment of the notes in the most stressed scenarios, respectively, which is a departure from prior issuances.

Although the deal will sell just one tranche of notes to investors, those notes benefit from 26.0% in subordination, which comes from a subordinated transferor amount deficit.

The agency admitted navigating the different rules and regulations involved in its four existing lines of credit proved time consuming and confusing and kept some lenders from offering them altogether.

The federal Project Fortress initiative provides defensive tools for banks. Community banking groups and regulators' associations say small banks in particular need the free and accessible help.

Major banks revamped their forecasts for US monetary policy Friday after data showed the US unemployment rate rose again in July, calling for earlier, bigger or more interest-rate cuts.

The notes have a final scheduled maturity date of August 2069, with credit enhancement levels that range from 25.0% on the A1 notes to 1.45% on the B1B tranche.

Underwriting league tables of asset-backed securities through August 1, 2024

Issuance volume of asset-backed securities for the year through August 1, 2024

The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.

Shawn Redford is the chief business development officer at Experior Financial Group. As the CBDO, he is responsible for developing processes, tools and programs to help the organization and brokers achieve their goals, while ensuring a unified delivery of Experior's value proposition.

Gordon Schnell is a partner in the New York office of Constantine Cannon, specializing in the representation of whistleblowers.

Yields on the certificates will range from 5.77% on the A1 notes through 6.17% on the A3 tranche. Otherwise, the M1, B1A and B1B notes are to see yields of about 6.42%, 7.32% and 8.17%, respectively.

Michael Durette is the chief revenue officer of Compliance Risk Concepts.

Policymakers also made several adjustments to the language of a statement released after their two-day meeting in Washington, signaling they are closer to reducing borrowing costs.