Commercial banking

Backed by revenue from point-of-sale unsecured consumer loans, the upsized deal also features expandable notes.

Anthony Venette, CPA/ABV is a manager of valuation services at Withum. He specializes in providing precise, defensible valuation analyses for trust and estate filings, shareholder transactions, and corporate planning. He also advises clients on business transition strategies, succession planning and tax-efficient wealth transfers to achieve their long-term objectives.

High mortgage rates and the lack of inventory for sale pushed the sector into a downturn twice recently - between May and November last year and in May of 2023 - according to First American

The transaction's credit enhancement levels are lower than what was seen on the 2023-A pool, but is still strong, and is still high compared with peer transactions.

Nathan Stevenson is the founder and CEO of ForwardLane.

Prior to launching ForwardLane in 2015, Nathan worked in the financial services and technology sectors, including roles at BNP Paribas, asset manager CQS and the Johannesburg Stock Exchange. He is a noted commentator on AI application in financial services. 

Sean Vanatta is a lecturer in economic history at the University of Glasgow and a senior fellow at the Wharton Initiative on Financial Policy and Regulation. His book, Plastic Capitalism: Banks, Credit Cards, and the End of Financial Control, is forthcoming from Yale University Press.

With uncertain outlooks surrounding the economy and interests, investment managers looking for safer fixed-income investments are finding underpriced assets.

Patricia L. Harman is the editor-in-chief of Digital Insurance, covering the intersection between technology and insurance for the industry. She chairs Digital Insurance's annual Women in Insurance Leadership forum and hosts Digital Insurance's DigIn Podcast. Previously, she served as editor-in-chief of the PC360 group, chaired the Complex Claims & Litigation Forum and hosted the Insurance Speak podcast. Patti covers auto, property & casualty, workers' compensation, fraud, emerging risks, and is a frequent speaker at insurance industry events. She has more than 25 years of experience covering the property restoration and insurance industries, is a member of the National Press Club, and has been honored with over three dozen journalism awards.

Tractors make up the vast majority of the vehicles in the pool, 92.5%, while trailers, trucks and buses account for 4.1%, 2.3% and 1.1%, respectively.

Yields on longer-dated debt are so high that even if the Fed continues hiking for longer investors still feel they'll be compensated.

Ousmène Jacques Mandeng is a senior advisor at Accenture and a visiting fellow at the London School of Economics and Political Science.

The SEC could crimp effective investor communications, while IOSCO seeks feedback on 12 proposed "good practices" when operating in the leveraged loan and CLO markets.

Rating agencies say the A, B, C and D notes have about 29.0%, 23.8%, 17.3% and 14.0% in credit enhancement, respectively, while A, B, and C notes enjoy a 15.9%, 10.6% and 4.0% in subordination.

Tracy LaLonde trains partners and managers on how to generate better engagement. With over 30 years of experience in training, consulting and professional development, she is on a mission to change the way firms engage with their teams. Reach her at info@joychiever.com.

Optimism may be building that the Fed is poised to steer the economy toward a soft landing, but Treasury market has delivered what is widely understood as a starkly different message: The economy is veering toward a contraction.

The impact on things like servicing rights would raise costs even for lenders that aren't banks, according to Mortgage Bankers Association President and CEO Bob Broeksmit. Others disagree.

Change can continue to originate loans through at least early December, after the U.S. Treasury Department agreed to extend a deadline to oppose the order.

Lee Reams Sr. is the co-founder of TaxBuzz, a vertical search engine and online community for taxpayers and tax professionals. In addition to being an expert on individual taxation and a respected speaker on tax-related topics, he has managed his own 600-plus client tax practice. He has served on numerous professional boards, including the California Tax Education Council, California State Enrolled Agent Society, and the San Fernando Valley Society of Enrolled Agents. He currently oversees a sizeable technical support forum, functioning as the tax research and answer guru for the profession's most complex tax issues.