Volumes set a record in 2021 and they've held up better than expected this year, but declines are forecasted for the sector some banks are using to partially offset single-family's slump.

The San Francisco megabank plans to reinstate guidance that drew scrutiny following revelations that women and nonwhite candidates were interviewed for jobs that had been reserved for someone else.

A potential credit drawback on the deal is the mismatch between the fixed rate underlying automobile loans and the SOFR rates to be paid to noteholders.

Fed Chairman Jerome Powell brushed off concerns that rapidly tightening monetary policy could disrupt the financial system. Some economists and policy experts beg to differ, raising concerns about loan defaults or even the collapse of a key institution or counterparty.

The deal has a significant concentration of California-based loans, leaving the timely repayment of notes vulnerable to regional economic stresses or natural disasters.

At the same time, homes bought with FHA-backed loans accounted for the smallest share since 2007, according to an Attom sales report.

Owing to the revolving pool, Fitch Ratings assigned a base case default ratio of 3.9%, even though the rating agency’s default assumption for the pool was 3.1%.

The allegations against the $559 billion-asset bank are similar to those brought against Wells Fargo related to its 2016 fake-accounts scandal.

New American Funding scored the highest among eligible companies in this year's substantially redesigned measurement of customer satisfaction.

The OBX 2022-J2 Trust will pay notes from a capital structure that follows a shifting interest structure, and subordinate bonds can receive principal payments.

As the Federal Reserve implemented its second 0.75% rate hike in two months, the chair said the system is able to withstand any financial stability risks that rising rates might create. 

Hyundai Capital America is seller and servicer on billions of auto ABS sold through the Hyundai Auto Lease Securitization and Hyundai Auto Receivables trusts.