Commercial banking

The notes benefit from subordination, overcollateralization, a reserve account and excess spread. Nelnet Servicing is also on the deal as a backup servicer.

Underwriting league tables of asset-backed securities through November 23, 2023

Issuance volume of asset-backed securities for the year through November 23, 2023

Classes B, C, D and E benefit from credit enhancement levels amounting to 41.35%, 28.45%, 15.30% and 6.15%, and enhancements include a reserve account, excess spread and subordination.

The deal could be upsized to $1.3 billion in issuance, and benefit from several layers of credit enhancement, including a reserve fund, excess spread and overcollateralization.

Brian Johnson is a managing director with Patomak Global Partners. He is a former deputy director of the Consumer Financial Protection Bureau.

Jeb Hensarling is a former chairman of the House Financial Services Committee (2013-2019) and an advisory council member to Americans for Prosperity.

Even if the 30-year fixed were to slip further to 6.4%, it is not enough to end the seller's strike, economists said.

While the government-sponsored enterprise cut its origination forecast for this year, the Mortgage Bankers Association's updated forecast was unchanged from its October prediction.

Robert E. Miller, CFA, is CEO of Frontier Asset Management, which he and principal Gary A. Miller, CFA, established in 2000 in Sheridan, Wyoming. 

The firm strives to create quality investment strategies while staying true to the values of transparency, honesty and hard work.

Expectations are for the notes to price at 18 basis points over the three-month interpolated yield curve on the A1 notes, which get 'A1+' and 'F1+' from S&P and Fitch.

Craig Weaver is managing partner of tax services and develops the strategic growth and direction of the tax practice of Baker Tilly. Since joining the firm in 2003, he has been instrumental in the growth and development of the tax practice. In addition to his leadership position at the firm, he has over 30 years of experience in taxation and accounting.

Michele Donohue is a principal with Baker Tilly's tax practice. She brings over 20 years of experience in corporate tax, technology and process. She is responsible for transforming Baker Tilly's tax practice and embedding innovation at its core. She serves on the firm's tax leadership team, which drives strategy and operations for the tax practice.

Alaina Bird, an associate in Glaser Weil's litigation practice group, focuses her practice on commercial litigation, with an emphasis on securities litigation and class actions.

Elizabeth Sperling, a financial services litigation partner and Glaser Weil's co-office managing partner in San Diego, represents financial institutions in class actions and defends against FCRA lawsuits, business torts, unfair business practices and related consumer protection actions.

Jeff Heine is the Chief Revenue Officer at Betterview. In his career, Heine has demonstrated strategic leadership within notable Hi-Tech corporations, with previous tenures at Groundspeed Analytics, Adsesnsa (now Coupa), Guidewire Software, and CCC Information Services.

Asset managers said in interviews last week that they're comfortable buying Treasuries and other high-quality bonds at levels they finally see as attractive.

CyrusOne Data Centers Issuer 2023-2 adds a property in Virginia, a state that accounts for a large portion of data center locations.

Dawn Weddle is vice president at Midwest Business Group on Health, where she oversees membership marketing and communications, provides financial/budget oversight, and leads the development and management of education programs and grant funded employer projects.

In her first remarks since the release of a sweeping report on the banks, Federal Housing Finance Agency Director Sandra Thompson urges them to strengthen underwriting and communication with their members' regulators.