Commercial banking

The A1, 2, and 3 bonds will be repaid sequentially and do not benefit from subordination. There is a capital subaccount that provides sufficient funds to offset typical variance in collections.

Moody's says it expects a 0.60% loss on the 2024-A pool, with a 3.0% loss at the Aaa stress, and the notes have legal final maturity dates ranging from July 15, 2025 through Nov. 17, 2031.

Investing in data governance, compliance and staffing appropriately can help manage the risks of offering banking as a service, experts say.

The lawsuit's conclusion ends fights by the rivals to depose each other's senior leaders.

Derek Razo is the co-founder and managing partner of Common Trust.

According to the latest available database details, yields range from 6% on the class A4, AAA certificates to 5.9% on the class A8 certificates, also AAA.

Rochelle Hodes is a principal in the Washington National Tax Office at Crowe. She has over 29 years of experience providing tax controversy and tax policy services.

There's been a resurgence of interest in CLOs. Gross issuance is on track for a record year in Europe, while year-to-date issuance in the market has already exceeded 2023's full-year volume.

First Foundation in Dallas recently got a $228 million capital injection led by Fortress Investment Group. Now it's announced plans to pivot away from its heavy focus on multifamily loans, which lost value as interest rates rose.

Wagers on aggressive easing by the Fed had been rising in recent days amid debate over whether the central bank should act when it meets next week.

Issuance volume of asset-backed securities for the year through July 25, 2024

Underwriting league tables of asset-backed securities through July 25, 2024

Marc Rothchild is senior vice president, head of claims at Xceedance, a leading global provider of strategic operations, support, technology, and data services for insurance organizations. He leads the claims business at Xceedance, bringing 20 years of operations and technology leadership experience across the insurance, software and supply chain distribution industries. Prior to Xceedance, he spent 13 years leading various U.S. and global teams across claims, operations, analytics, and technology at AIG —most recently for its digital commercial insurance carrier, Blackboard Insurance.

Peter Flynn is senior vice president, personal lines America at Xceedance, a leading global provider of strategic operations, support, technology and data services for insurance organizations. He oversees all client engagements and the Xceedance product offering within the sector. Prior to joining Xceedance, he was senior vice president of broker development at PURE Insurance, a high-net-worth personal lines specialist insurer. His career also includes a significant tenure of 15 years at Chubb, where he was involved in underwriting and sales and held various leadership roles.

Credit enhancement on the fixed-rate notes includes overcollateralization that builds to a target of 7.79%; and a cash reserve account that will represent a target of 1.50% of the account balance.

Moderating price growth and higher wages are leading to affordability relief, according to the Mortgage Bankers Association.

Daniel Chu is the founder and CEO of Tricolor.

But following the gross domestic product and personal consumption expenditures reports, Treasury yields and mortgage rates fell.

Torrye Zullo is an associate in the Hunton Andrews Kurth's Insurance Coverage group in the firm's New York office. She represents commercial policyholders in a wide range of complex coverage matters, including property and business interruption claims, directors and officers liability and cyber insurance.