Commercial banking

The collateral pool had an average account balance of $1,620, lower than that of credit card securitization trusts that the Big Six banks sponsor, and the ABS notes benefit a 26% subordination level.

Norbert J. Michel is the vice president and director of Cato Institute's Center for Monetary and Financial Alternatives.

Beverly Brown Ruggia is the financial justice program director at New Jersey Citizen Action.

Adrian Johnstone is CEO at Practifi.

Chris Borkenhagen is the chief digital officer and chief information security officer of AuthenticID.

The annual inflation rate has dropped to 3.2% in October from its 2022 peak of more than 9% after the Federal Reserve embarked on an aggressive campaign to cool price pressures.

In a rare glimpse into the opaque world of private credit, a recent review of credit "estimates" by S&P Global Ratings showed that the quality of debt extended by private lenders to dozens of companies whose loans are bundled into CLOs is deteriorating.

Three GOP leaders of the House Financial Services Committee, including Chairman Patrick McHenry, say they'll explore possible connections between the agency's alleged "toxic" work culture and its staffing shortages that may have contributed to this year's banking crisis.

Also, Wells Fargo, Finance of America entered into partnerships affecting real estate tax and cybersecurity solutions.

Ratings analysts say the A1 through A3 tranches benefit from total hard credit enhancement of 43.00% of the deal's initial principal balance, which includes subordination and a non-declining reserve account of 1.00%.

Follow-through has been weak, but there's hope lower mortgage rates could improve conditions, according to new housing reports from Redfin and MBS Highway.

Just two of the loans have existing additional debt, representing 11% of the pool. The pool has an in-trust appraisal loan-to-value ratio of 54.5%. On a pooled trust basis, the deal has an LTV ratio of 81.5%.

Bob Allison is the founder and CEO of PEAR Health Labs.

John McGowan is the founder and CEO of HubSync, a SaaS company with a next-generation tax and accounting automation platform created with the goal of changing how professionals work and how clients interact with CPA firms. He has over 25 years of experience driving technology innovation and investment at Deloitte and KPMG, where he served as a partner-in-charge of tax technology and global chief information officer, respectively. He holds a BSBA and a Master of Accounting from the University of North Carolina at Chapel Hill. 

Shann M. Chaudhry, Esq. is the principal attorney and managing member at Shann M. Chaudhry, Attorney at Law, PLLC, based out of San Antonio, Texas.

He helps his clients solve complex matters related to real estate, elder law, estate planning and asset protection. Chaudhry's experience and knowledge have made him a nationally featured media source for Forbes, CNBC and U.S. News & World Report, among others.

The company is coming off of a recent period of performance improvements, with gains in net income, cash and cash equivalents.

The market's reaction to the Consumer Price Index report on Tuesday helped to push the 10-year Treasury and 30-year fixed-rate loan lower, Freddie Mac said.

Underwriting league tables of asset-backed securities through November 16, 2023

Issuance volume of asset-backed securities for the year through November 16, 2023

Dan Kraemer, co-CEO and co-founder of IA Collaborative