Commercial banking

Kelly Materia is a marketing communications specialist at Withum.

Bond traders are bracing for Treasury yields to keep pushing higher after the Fed signaled it's likely to hold interest rates at lofty levels well into next year.

Kalrav Vaidya is the CEO of SmartFinDoc.

Credit enhancement to the class A notes includes a non-declining overcollateralization of 4.75% of the initial adjusted pool balance, and a non-declining reserve fund of 0.25% of the initial adjusted pool balance.

Canada's largest bank last month said it plans to cut as much as 2% of its full-time equivalent staff in the coming quarter after a surge in expenses weighed on third-quarter results.

Fewer of these mortgages are paying off, adding to the amount of credit on investors' books, the Mortgage Bankers Association said.

Federal Reserve Chair Jerome Powell said today's high mortgage rates are dissuading some would-be sellers from putting their homes on the market, further limiting lending opportunities in an environment already constrained by low inventory

Jill Spielberger is U.S. Engagement Practice Leader at Buck. She has more than 35 years of communications experience, helping organizations to develop and implement comprehensive, multi-channel change, communication, and marketing programs. Buck, a Gallagher company, is an integrated HR and benefits consulting, technology, and administration services firm.

William Laurent is a renowned independent consultant in data, governance and IT strategy. You can reach him at william@williamlaurent.com.

Kevin Mitchell has been the President of TypTap Insurance Company since October 2019. He has served as a Senior Vice President of HCI, managing HCI's investor relations and reinsurance placement and sales & marketing. Before joining HCI, Mr. Mitchell was an Area Director and Producer for Arthur J. Gallagher & Co. Prior to being with Arthur J. Gallagher & Co. he was a Commercial Lines Producer with Oswald Companies. Mr. Mitchell is a Bowling Green State University graduate, earning a Bachelor of Science degree in Communication and a minor in Marketing.

Doug Kramer, managing director of Neuberger Berman, joined the firm in 2015 and is the head of Institutional Equity and Multi-Asset.

Prior to this position, he co-headed the firm's Quantitative and Multi-Asset team. Doug formerly was CEO at Horizon Kinetics, an investment management firm.

Rep. Andy Barr, R-Ky., chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, continued to say that the Basel III rulemaking might have violated the Administrative Procedures Act

The OCCU 2023-1 transaction will come to market as a 144a transaction, with higher levels of credit enhancement from yield supplement overcollateralization, initial hard credit enhancement and excess spread.

Subordination increased for the class A and class C notes, to 7.04% and 2.10%, respectively, from 7.00% and 1.50%. Meanwhile subordination decreased on the class B notes to 3.80%, from 4.25%.

Matthew Posner is Clean Energy Advisor to City First Enterprises and Principal at Court Street Group.

Dawn Wagenaar is a brand strategist and principal of Ingenuity Marketing Group, LLC, serving accounting firms across the U.S. Since 1992, Ingenuity Marketing has been helping CPAs, attorneys, financial service professionals, engineers, consultants and other professionals develop their practices. Wagenaar has worked in professional service marketing since 1993 when she began coordinating marketing programs for a regional office of a large national insurance and financial services company. Since then she has directed the marketing efforts of a small local and a large regional CPA firm. Wagenaar has a Bachelor of Arts degree from Augsburg College in Minneapolis as well as a Master of Arts in Educational Leadership from the University of St. Thomas in St. Paul, Minnesota. She is a member of the Edina Chamber of Commerce, member of the Legal Marketing Association, past chair of the AAM Conference Committee of the Association for Accounting Marketing, member-at-large for AAM National Board of Directors, and president for AAM Minnesota. Reach her at dawn@ingenuitymarketing.com.

Camilo Atala is the chairman of Grupo Ficohsa.

The real estate investment trust arm of two affiliate mortgage-related companies could reduce other debt and finance purchases of loans, servicing or securities.

CLOs are turning to another type of debt — junk bonds — for the security packages that underpin the investment vehicles that are sold to insurers and pension funds.