Fitch Ratings has unveiled a new Web portfolio management tool, Fitch Alert Surveillance Tracker.Fitch said that FASTracker allows investors to monitor how new research and performance data are affecting asset backed bonds, including residential and commercial mortgage-backed securities. The service allows users to build a portfolio of Fitch rated structured finance bonds, set customized performance triggers, and receive e-mail alerts when a trigger is breached. Jayme Laurash, managing director at Fitch, said FASTracker allows investors "to capture performance trends as they are happening, and not after the fact."
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18