Commercial banking

At some point the company hopes to become a full-credit spectrum lender, so funding the Select Program is another step toward that, according to ratings analysts.

Stacy Critzer is Chief Human Resources Officer at Unanet, a Northern Virginia company that creates business software solutions for government contractors, architecture, engineering, construction and professional services firms.

Pat White is the CEO and co-founder of Bitwave, a digital asset finance platform dedicated to managing cryptocurrency tax, accounting, and compliance. With over a decade of experience, he is a financial analyst and entrepreneur with a strong background in venture capital, blockchain business development and strategic acquisitions.

Underwriting league tables of asset-backed securities through October 05, 2023

Issuance volume of asset-backed securities for the year through October 05, 2023

While some observers believe that by year-end, the 30-year FRM would be lower than current levels, chatter about an 8% mortgage exists.

The notes have the same final scheduled repayment date of Oct. 22, 2035, an initial credit enhancement that ranges from 43.85% on the class A notes to 13.15% on the class E notes.

Mark Bishopp is the senior vice president of embedded commerce and partnerships at Fortis, an integrated commerce platform. A payment technology industry leader with over 25 years of financial services experience, Bishopp joined Fortis in 2022. He has held a number of payments-related executive positions and has been a trusted advisor and consultant in third party payments (marketplaces, payment facilitation, ISO, ISV/VAR, etc.) for 15-plus years. He is a global SME in online payments with a specific focus on payments as a strategic asset solutions.

While the selloff abated on Wednesday, traders are on high alert for a resurgence in volatility — especially if U.S. non-farm payrolls data on Friday come in stronger than expected.

Brandi Riggle, Manager, Baker Tilly Digital Solutions

Seth Cooper, Director, Baker Tilly Digital Solutions

The Consumer Financial Protection Bureau plans to hire 75 employees in its enforcement division as it boosts investigations against "large market actors," according to an internal email obtained by American Banker.

The deal has a sequential repayment structure and collateral with 168 months of seasoning. The loans are already past their peak default periods, which each typically occur three to five years after a borrower enters repayment.

Notes will repay investors on a sequential basis, S&P said. One of S&P's rationales for assigning its ratings is the available credit support, including excess spread of 49.0%, 44.7%, 37.3% and 31.5% on classes A, B, C and D notes.