Commercial banking

The central bank also noted that the banking system is sound but faces several challenges. The report precedes Federal Reserve Chair Jerome Powell's upcoming appearances on Capitol Hill.

Issuance volume of asset-backed securities for the year through July 4, 2024

Underwriting league tables of asset-backed securities through July 4, 2024

The Federal Reserve's struggle in bringing inflation down from its current level to its 2% target may come down to how the government measures shelter costs in the U.S., leading some experts to question whether the problem is in the economy or in how it is measured.

The U.S. 30-year yield reached the highest level in a month on Monday amid predictions that a Trump presidency would lead to higher inflation.

The loan portfolio has international diversification across industries.

Fitch Ratings views home price values in the non-prime mortgage pool as being 11.3% above a long-term sustainable level.

Parijat Banerjee, Global Head of Financial Services at LatentView Analytics, is a seasoned business leader with experience in analytics & digital sciences. He has worked across industries including banking and financial services, consumer products, retail, supply chain, life sciences and energy, leading service delivery, corporate strategy, business development & consulting with fortune organizations driving transformation and revenue growth.

Securitizations face fewer complications under the Corporate Transparency Act (CTA) but missed filings can incur stiff penalties.

James J. Hilton boasts over 30 years of experience in the financial services industry, having held leadership roles at prominent institutions like Promontory Financial Group, Prebon Group, Chicago Board Brokerage and the Federal Reserve Bank of New York. He is currently a partner at Ludwig Advisors and serves as chairman of Uphold, Ltd.

The push for assurances on collateral is coming despite fierce competition for deals, and indicates borrowers face limits on their ability to change the standing of existing creditors to get the financing they need. 

High quality consumer loans enhance the collateral pool.

Geraldine Carter is a business coach for CPA firms. She is also the host of the "Business Strategy for CPAs" podcast, and the author of the recently published "Down to 40 Hours — A Roadmap for CPAs to End Overworking without Giving Up Revenue," which available on Amazon.com or at geraldinecarter.com/book.

The inaugural sub-prime auto loan ABS is primarily backed by used car and light-truck/sports utility vehicle loans.

Haley Dobre is the national tax automation & innovation leader at BDO USA.

Anli Chen is managing director of tax automation & innovation at BDO USA.

Federal Reserve Chair Jerome Powell brushed away concerns that a second Trump presidency could imperil the central bank's independence.

Nicole Mwesigwa is the co-founder & COO of iCover, a Missouri-based insurtech company that has designed the "Best Life Insurance Buying Experience." She has over 20 years of experience in InsurTech with expertise in eApp innovation, AI-based underwriting, and compliance. Prior to iCover, she built Reinsurance Group of America's inaugural predictive underwriting service. As a social entrepreneur, innovator, and digital insurance leader, Nicole is paving the way for a new era in the insurance industry where technology serves as a catalyst for change, enabling better, faster, and more personalized services.