Key insight: Twenty-five years after the Sept. 11 terrorist attacks in lower Manhattan, executives at one community bank in nearby Chinatown recall the efforts to reopen. Expert quote: “What I recall is that after 9/11, we suddenly understood the need for having a disaster-recovery plan.” — Vera Sung, board director at Abacus Federal Savings Bank […]
Lessons from 9/11: How one NYC community bank rebounded Read More »
A pool of first-lien, fixed-rate prime mortgages will support about $363.6 million in residential mortgage-backed securities (RMBS) coming to market from the PMT Loan Trust 2026-J6. Processing Content The current transaction has the largest collateral pool that the platform has issued from all year, with 294 loans. It also has the highest percentage of conforming
PMT Loan Trust raises $363.6 million in prime RMBS Read More »
Processing Content Key insight: The USA Patriot Act marked a major shift for banks, requiring strict verification of customer identities and the monitoring of suspicious activities. What’s at stake: Critics contend that after 25 years, compliance with anti-money-laundering rules has become a costly “box-checking” exercise. Forward look: Deregulatory changes under the Trump administration include the
The 9/11 attacks marked a sea change in bank regulation Read More »