Commercial banking

Only a few dozen mortgage firms could likely afford the $7 million ad for this year's big game, a marketing veteran said.

Alyssa Irving sees bright production prospects for 2024 for a range of securitization assets, as the industry awaits rate cuts.

Matt Gardner is the CEO and co-founder of Hiline, a financial services firm that delivers scalable accounting, human resources, tax and payroll services to growth-minded companies, small and midsize businesses, and nonprofits.

Barclays is planning to hand dozens of investment bankers no bonus as the slowdown in dealmaking forces it to cut payouts for a larger-than-usual group of its lowest performers. 

Issuance has been scant since DRIVE 2021-3 closed in November 2021. A lack of comparison deals from recent years makes it more difficult to forecast losses.

Underwriting league tables of asset-backed securities through February 8, 2024

Issuance volume of asset-backed securities for the year through February 8, 2024

Indeed, investors are also positioning for Friday's consumer-price index revisions because of what happened a year ago: the update was significant enough to cast doubt on overall inflation progress.

Christopher M. Russo recently served as the Republican chief economist for the U.S. Congress Joint Economic Committee. He previously held positions with the U.S. Senate Banking Committee, Federal Reserve Bank of New York and Federal Reserve Bank of Chicago. He holds a master's degree in financial mathematics from the University of Chicago and is currently completing his doctoral dissertation in economics at George Mason University.

Laura Drabik is a frequent commentator on issues of transformation and innovation in the P&C insurance industry and Chief Evangelist at Guidewire. Drabik also oversees the Guidewire Insurtech Vanguard program, which helps insurers learn about the hottest new insurtechs and how to leverage their capabilities quickly and efficiently. She is also the author of Drabik Digest and the host of the InsurTalk podcast.

CCCRT 2024-1's pool is fragmented by obligor, with the top obligor, for instance, accounting for only 0.84% of the pool by balance.

While the Freddie Mac survey reported just a 1 basis point increase from last week, Zillow's tracker found a 30 basis point rise in the 30-year fixed, more reflective of what happened in the bond market.

The deal has an underwriting debt-service coverage ratio (DSCR) of at least 1.0, and Morningstar says the issuer reports a loan-to-value ratio of 81.00%.

The regional bank announced a leadership shakeup on Wednesday, capping a tumultuous week in which shareholders became spooked about its exposure to the commercial real estate sector.

Michael Giusti, M.B.A., is an analyst at insuranceQuotes.com, which publishes in-depth studies, data and analysis related to auto, home, health, life and business insurance. In his role as analyst, Michael studies the insurance industry in order to provide trusted tips, advice and insights. He has worked as a journalist for more than 20 years, including as a reporter at a daily newspaper in Florida, as an editor at a regional business journal, and as a writer for national and international publications. Michael is based out of New Orleans.

The underlying loans are fixed rate, and they are financing a lower percentage of new vehicles, 22.8%. The loans also have a lower weighted average front-end loan-to-value (LTV) of 95.5%.

Eyal Shinar is an expert in AI, machine learning and financial software. He is currently the Co-founder and CEO of Black Ore, a leading AI platform for financial services. 

Prior to Black Ore, Eyal was Co-founder, CEO and later Executive Chairman of Fundbox, a leading machine learning payments & credit company. Eyal left Fundbox in 2021 to start Black Ore. 

Prior to Fundbox, Eyal served as VP at Battery Ventures, leading projects and investments in finance, machine learning and SaaS. 

Among the options is a synthetic risk transfer backed by a portfolio of about $5 billion of home loans originated when interest rates were lower.

Flat growth is expected for mortgages and auto loans, while credit card loan growth will slow down.

Former Flagstar CEO Alessandro DiNello, who had been New York Community's nonexecutive chairman, was named executive chairman after the Long Island bank's stock price fell by more than 59% in a week. New York Community also issued updates on both its deposit situation and its search for a new chief risk officer.