The $1.4 trillion market for collateralized loan obligations (CLOs) is experiencing a slowdown as borrowers face challenges arising from tighter financial conditions. CLOs—which hold about two-thirds of low-rated U.S. corporate loans—are reducing their activity due...
Read MoreDespite facing higher home prices and borrowing costs, below-median family income households have seen a 5.4% increase in homeownership since 2016. Comparatively, the above median-family income homeownership rose only 0.8%. Freddie Mac predicts a 2.9%...
Read MoreAccording to the Wall Street Journal, across ten major metro areas, office buildings are operating at only 50% capacity compared to pre-pandemic levels, and public transportation ridership rates have plummeted by 70%, primarily due to...
Read MoreNew lease asking prices in the U.S. have risen by just under 2% during the last 12 months, marking a slowdown from the double-digit increases seen a year prior. Demand among renters is weakening amidst...
Read MoreThe Wall Street Journal reports that investors, encouraged by the debt-ceiling deal and improved banking news, are more enthusiastic about consumer ABS. Yields have declined on these asset classes relative to Treasuries amid strong stock index performance,...
Read MoreA recent report by the Department of Commerce shows that consumer spending in the U.S. rose by 0.8% in April, following recent decline. With personal income also rising 0.4% in April, the report illustrated consumer...
Read MoreThe Federal Housing Finance Agency (FHFA) has released their House Price Index Report, revealing a rise in U.S. house prices by 4.3% between the first quarter of 2022 and 2023. Notable increases occurred in 43...
Read MoreOn May 22, the Federal Reserve released its Economic Well-Being of U.S. Households in 2022. The report, revealed a decline in people’s financial well-being over the past year, to its lowest level since 2016. Out...
Read MoreWhile a resolution to the debt ceiling gridlock would allow the U.S. Treasury to raise funds to meet its financial obligations, it could increase competition for bank deposits. Banks have been under pressure due to...
Read MoreAccording to an article published by Bloomberg, collateralized loan obligation (CLO) market is facing rising funding costs and lower returns on investments. This has reduced CLO profitability and resulted in a decline in new CLO issuance,...
Read MoreThe Federal Reserve Bank of New York’s quarterly report on household debt underlined an increase in consumer credit card borrowing. Credit card balances surged to nearly $1 trillion by the end of the quarter, representing...
Read MoreS&P Global released a new proposed methodology for Insurer’s Risk-Based Capital, in line with SFA’s previous response to their initially proposed methodology in April, 2022. S&P is offering a webinar to provide an overview of...
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