Standard & Poor's has dropped ratings on two closed-end second-lien, primarily fixed-rate residential mortgage-backed securities transactions to D. The ratings of GSAMP Trust 2006-5, classes A-1 and A-2 of Long Beach Mortgage Loan Trust 2006-A, classes A-1 through A3, were affected. "The downgrades reflect the deterioration of the collateral pools as these transactions have continued to realize monthly net losses at an unprecedented pace," S&P said.
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
