Wells Fargo, U.S. Bancorp, Truist Financial and PNC Financial were among the banks that said they are raising their prime lending rates from 4.0% to 4.75%.

The auto lender also has funding sources, including borrowing availability of $350 million, and an unused committed warehouse capacity of about $143 million.

But a slower-than-anticipated rate of repossessions suggest distressed homeowners are finding solutions.

Rising interest rates eliminated any refinance incentive for 30% of the loans analyzed by Standard & Poor's, marking a turnaround from the start of the year when prepay speeds were expected to increase

The Neuberger Berman pool has an average credit quality of ‘B’ on the indicative portfolio, which indicates a highly speculative credit quality.

New-home borrowers eyeing things like rising commuting costs could add at-home amenities instead so long as they remain relatively affordable, one take on a National Association of Home Builders report suggests.

The two regional banks announced plans to abandon nonsufficient fund fees and make other moves that will reduce the revenue they collect from cash-strapped consumers.

Notes are slated to mature on June 25, 2042, and the mortgages are financing property types like one- to four-family residences and planned unit developments.

The transaction is building several structural precautions into the deal to mitigate potential effects from the COVID-19 pandemic.

On average, CLOs had a default exposure of 0.1% at the end of May, according to the latest update from Fitch Ratings.

Wyndham Capital, Open Mortgage and reverse mortgage lender American Advisors Group eliminated jobs this week.

Certificates will be supported by 407 home loans, two of which are adjustable-rate mortgage (ARM) loans that reference the one-year LIBOR.