Depositories grew their first-lien portfolios during the third quarter. JPMorgan was the only bank among the top 10 to report a sequential decline. (Includes data chart.)
A recent ruling by a California appeals court tied to default interest charges by lenders and servicers could have national implications, according to industry attorneys.
As purse strings tighten, the quick-service restaurant space is expected to do well given the value and convenience it offers customers. But the same cannot be said for the casual-dining sector, S&P analysts say.
The model will help stakeholders predict prepayments on both their current portfolios and future purchases for both mortgage-backed securities and whole loans.