Commercial banking

Although used cars with borrowers of non-prime credit quality comprise the asset pool, it benefits from 9.00% in overcollateralization, subordination, a reserve account representing 1.00% of the pool balance, and excess spread.

Homeowners responded to moderating interest rates and brought in significantly more refinance volume, with Department of Veterans Affairs numbers more than doubling from the prior week.

The A5 through A21 notes have credit enhancement levels amounting to 15.00%, while the rest of the notes are covered by levels ranging from 8.65% to 0.55%.

Tanya Krochta is EVP and chief administrative officer of ACORD, the global insurance standards development association. She has over 25 years of experience in human resources and operations, and is a certified Chief Association Executive (CAE).

The proposed class action suit claims the fintech lender purposefully pushed customers applying for HELOC loans into higher rates, or misrepresented rates at the beginning.

The $39 billion 10-year note sale was awarded at 4.438%, compared with a yield of 4.458% in pre-auction trading at 1 p.m. New York time, the bidding deadline.

Christopher Buchanan is a reporter at American Banker. He is a rising senior at UCLA majoring in English literature and minoring in professional writing. He is a senior reporter at the Daily Bruin, UCLA's student newspaper.

Fifteen million Americans who owe a combined $49 billion in medical debt would benefit from a proposal by the Consumer Financial Protection Bureau to scrub medical debts from credit reports and ban their use in underwriting decisions.

Michael Levine is a Partner in Hunton Andrews Kurth's Insurance Coverage group in the firm's Washington, D.C. office. Mike is a Legal 500 and Chambers USA-ranked lawyer with more than 25 years of experience advising clients on insurance coverage matters and bringing disputed claims to successful resolution through litigation, arbitration and mediation.

Rachel Hudgins is Counsel in Hunton Andrews Kurth's Insurance Coverage group in the firm's Atlanta office. Rachel helps policyholders present and resolve insurance claims across the country and U.S. territories

Class A notes benefit from total hard credit enhancement equal to about 31.50% of the portfolio balance, while enhancement levels range from 23.75% on the class B notes to 2.00% on the class G notes.

Helena Plater-Zyberk is the co-Founder and CEO of Supportiv, the on-demand peer-to-peer mental, emotional, and social support service that serves large employers, hospital systems, and health plans including Medicare and Medicaid. The digital support service has already helped over 1.8 million unique users cope with, heal from, and problem-solve daily life struggles like loneliness, caregiving burdens, anxiety, depression, stress, and burnout. Helena is the former CEO of Simple Therapy, an AI-driven at-home physical therapy alternative, with previous leadership roles at Scholastic and Condé Nast.

Much of that growth appears to have happened since the beginning of the year. JAAA's AUM was $5.3 billion at the end of 2023, suggesting a 94% increase.

The latest round of global capital rules, known as Basel III endgame, is expected to make a whole slew of loans more expensive for banks to hang onto, so the lenders are bundling more auto loans, and other kinds of debt into asset-backed securities.

Rate locks have increased every month this year, but May's pace came in more subdued than early-year numbers, according to Mortgage Capital Trading.

Tatyana Marchuk is an associate professor in finance at BI Norwegian Business School and a research associate at the Centre for Economic Policy Research, or CEPR.

Tetiana Davydiuk is an assistant professor of finance at the Carey School of Business at Johns Hopkins University. 

Dr. Samuel Rosen is an assistant professor of finance at the Fox School of Business at Temple University and a former staffer for the financial stability division at the Federal Reserve Board.

Notes are expected to pay investors yields of 5.6% on the F1+ rated A1 notes to 5.6% on the A-rated C notes.

All the notes benefit from total hard credit enhancements built into the structure, representing 3.5% of the pool balance, which includes an initial reserve of 1.0%. and non-declining 2.5% in overcollateralization.