Commercial banking
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A rate drop was a common concern for some servicers during the quarter, and Ocwen recently took a step aimed at better addressing this risk in the future.
February 27 -
The lender had previously revealed that personally identifying information from 16.6M customers had leaked, but hadn't offered these details.
February 27 -
Exposure to synthetic securitizations has more than doubled over the last two years, swelling to C$86.6 billion ($64.2 billion) at the end of the last financial year, from C$40.3 billion in 2022.
February 27 -
The deal will repay investors sequentially and through a shifting interest payment structure, according to ratings analysts from Moody's Investors Service. On a weighted average (WA) basis, the rating agency notes, the mortgages have a FICO score of 773.
February 26 -
Megan Smith is the head of human resources for SAP North America. Over the past five years, Megan has been deeply involved as an HR leader in SAP's acquired cloud businesses in North America, the Head of HR for SAP Canada, and in 2022 expanded her responsibilities to assume the role of Head of HR for SAP North America.
February 26 -
The lawmakers, led by Sen. Elizabeth Warren, D-Mass., said the deal would further anti-consumer bank consolidation, but also criticized the OCC's proposed changes to the merger process, asking that they be strengthened.
February 26 -
While mortgage volume should rise this year, the government-sponsored enterprise expects slightly less activity than it did back in January.
February 26 -
James Dougherty, CPA, CGMA, is a partner at JLK Rosenberger in Addison, Texas.
February 26 -
Calculating catastrophic risk is more complex than it used to be, because there's a growing concentration of property in areas that are prone to increasingly frequent storms, fires and floods.
February 26 -
Treasury yields retreat from 2024 highs with month-end in view
February 23 -
Two trusts, the Sunnova Sol VI 2024-1 Issuer and the Sunnova Helios XIII, 2024-A will issue the notes, both with Atlas SP at the helm.
February 23 -
A financial services veteran, Peter Akwaboah joins the government-sponsored enterprise after serving as a managing director for Morgan Stanley, where he led technology and innovation strategy.
February 23 -
The USDA forecasted farm profits will plunge 26% this year, potentially creating credit quality challenges for lenders.
February 23 -
Rising card balances—and delinquencies—might be a matter of normalization post-COVID, but securitization remains an attractive option for banks extending revolving credit, say observers.
February 23 -
Time Investment Company, a first-time issuer, offers loans that mostly finance home water treatment systems, and its customers approach prime quality.
February 22 -
Perry Carpenter is co-author of "
The Security Culture Playbook: An Executive Guide To Reducing Risk and Developing Your Human Defense Layer ." [2022, Wiley ] His second Wiley book published on the subject. He is chief evangelist and security officer forKnowBe4 , provider of security awareness training and simulated phishing platforms used by more than 65,000 organizations around the globe. Contact him atperryc@knowbe4.com .February 22 -
Jefferson voiced cautious optimism that inflation is headed lower despite a blip in January and said the Fed is likely to begin cutting interest rates later this year.
February 22 -
Lenders collected an estimated $25 billion in additional interest income last year by raising the average margin on annual percentage rates, or the amount above the prime rate, according to the Consumer Financial Protection Bureau.
February 22 -
The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.
February 22 -
Underwriting league tables of asset-backed securities through February 22, 2024
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