Commercial banking

Jonathan Steele is the director of product management at Motus, the mobile workforce solution simplifying the reimbursement and management of all vehicle and device costs through personalized calculations.

Allison Henry serves as the vice president of professional and technical standards at the Pennsylvania Institute of CPAs. She oversees the PICPA's peer review and ethics programs, while facilitating the operation of eight state-wide technical committees. 

The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.

Revenue from auto dealer floorplan receivables will secure $920.2 million in class A notes from the Nissan Master Owner Trust Receivables, both series 2024-A and 2024-B, according to Moody's Investors Service.

FCAOT, in its first issuance of the year, could upsize the deal to $1.5 billion

Bank mergers and acquisitions have slowed in recent years amid recession fears and other economic uncertainties. But bank consolidation is a century-old trend that's expected to rev up again as early as this year due to higher costs, tougher regulation and fierce competition.

Krishna Dunthoori is CEO of Apty, a professional services and implementation firm specializing in project and portfolio management, customer experience management, enterprise architecture and business analytics.

Lise Kruse is the commissioner of the North Dakota Department of Financial Institutions and chair of the Conference of State Bank Supervisors.

The increase in production revenues was canceled out by higher expenses, a sign that too much capacity remains in the system, the Mortgage Bankers Association said.

Jason Aster is managing director of KBA Lease Services. Prior to joining KBA, he practiced general corporate law and litigation in New York, representing major international banks and private lenders with a focus on real estate and structured finance.

As life insurers increase their investment in CLOs, regulators are asking questions about how the firms manage risk-based capital.

C$14.1 billion in purchases of federal government debt led the foreign inflows, as well as a C$6.6 billion investment in securities of government corporations and business enterprises.

The transaction could be upsized to $1.3 billion in issuance, supported by fixed-rate loans on mostly new agricultural equipment.

Spreads are expected to come in at 120 basis points over the 3M, I-Curve on the A1A notes and then range from 185 bps—425 bps over the 3M, I-Curve on the class B through class D notes.

Most participants hoped the market had already seen the peak of interest rates, and anticipated rate cuts starting in the second half of 2024.

The average 30-year fixed mortgage rate for conforming loans fell, according to Freddie Mac, even as the 10-year Treasury yield rose nearly 18 basis points from the start of this week.

Kara Snow is the Senior Regulatory Counsel at Covius Compliance

Underwriting league tables of asset-backed securities through March 14, 2024

Issuance volume of asset-backed securities for the year through March 14, 2024