Four sales professionals in JPMorgan Chase's CDO trustee group resigned last week. Kelly Faykus, head of CDO sales at JPMorgan's Houston offices, taking with him sales manager Joe Elston, product manager Rob Tomicic and operations team leader Mirna Herr. There was no word as of press time where the group would resurface.
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The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.
March 18 -
Revenue from auto dealer floorplan receivables will secure $920.2 million in class A notes from the Nissan Master Owner Trust Receivables, both series 2024-A and 2024-B, according to Moody's Investors Service.
March 18 -
FCAOT, in its first issuance of the year, could upsize the deal to $1.5 billion
March 15 -
Bank mergers and acquisitions have slowed in recent years amid recession fears and other economic uncertainties. But bank consolidation is a century-old trend that's expected to rev up again as early as this year due to higher costs, tougher regulation and fierce competition.
March 15 -
The increase in production revenues was canceled out by higher expenses, a sign that too much capacity remains in the system, the Mortgage Bankers Association said.
March 15 -
As life insurers increase their investment in CLOs, regulators are asking questions about how the firms manage risk-based capital.
March 15