KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2025-INV1 (JPMMT 2025-INV1)
KBRA assigns preliminary ratings to 31 classes of mortgage pass-through certificates from J.P. Morgan Mortgage Trust 2025-INV1 (JPMMT 2025-INV1), a prime RMBS transaction comprising 402 residential mortgages with an aggregate interest-bearing principal balance of approximately $330.3 million as of the…
Nacha Unveils New Consumer Awareness Campaign Promoting Direct Payment Benefits
Nacha launched DirectPayment.org, a new consumer-focused awareness campaign to highlight the convenience and safety of using Direct Payment to pay bills. Also known as electronic funds transfer (EFT), bank transfer, eCheck, or autopay, Direct Payment enables consumers to replenish account balances,…
Dwight Capital and Dwight Mortgage Trust Finance $475.5MM in May 2025
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (“DMT”), closed $475.5 million in real estate financings in May. Highlighted transactions included a bridge loan for a skilled nursing portfolio in Florida, a bridge loan for Moment Apartments in Minneapolis, and a HUD…
Fifth Third Awards $16M in New Markets Tax Credits to Community Facilities in Atlanta, Cincinnati
Fifth Third (NASDAQ: FITB) has awarded $16 million in New Markets Tax Credits (NMTCs) to three facilities in Atlanta and Cincinnati that will help spur economic mobility and community revitalization in historically disinvested neighborhoods. “Our approach to community development at…
Affinity Federal Credit Union Announces Key Leadership Recognition and Promotions
Affinity Federal Credit Union (“Affinity”) is pleased to announce several strategic leadership promotions, effective June 1, 2025, that reflect the organization’s ongoing commitment to operational excellence and member wellbeing. Pam Cohen has been promoted to Chief Operating Officer (COO). This…
Northern Trust Chosen by Mereo Insurance to Deliver Comprehensive Asset Servicing and Management
Northern Trust (Nasdaq: NTRS) announced today that it was selected to provide asset servicing and asset management solutions to the newly–launched reinsurance firm, Mereo Insurance Limited. Northern Trust offers a complete solution with asset servicing and asset management capabilities to…
Blackstone Hires Joseph Cassanelli to Spearhead Financial Services Investments in Tactical Opportunities
Blackstone (NYSE: BX) announced today that Joseph Cassanelli, former Co-Head of Lazard’s U.S. Financial Institutions Group, has joined Blackstone Tactical Opportunities (“Tac Opps”) as a Senior Managing Director. Mr. Cassanelli will be based in New York and serve as an…
Republic Bank Introduces ‘Time to Thrive™’ to Drive Client and Community Growth
Republic Bank & Trust Company (“Republic” or “the Bank”) is proud to announce the launch of Time to Thrive™. For the first time in a decade, Republic is refreshing its branding with a new tag line and marketing campaign that illustrate…
LeaseWorks Adds GOAL as Newest European Customer
LeaseWorks®, a Portside company, announced that GOAL (German Operating Aircraft Leasing), a joint venture between KGAL GmbH & Co. KG and Lufthansa AG, as its newest European customer. GOAL will adopt LeaseWorks’ Aeris Asset and Aeris MATCH products to digitize…
FHLB Dallas Expands Support with $5 Million Boost in Down Payment Assistance Funds
The Federal Home Loan Bank of Dallas (FHLB Dallas) has added an additional $5 million in funding to its homebuyer down payment and closing cost assistance grant program due to high demand and rising home costs. HELP grants are available…
Introducing WollettePay: One-Tap Payments Finally Come to Open Banking
Introducing WollettePay: One-Tap Payments Finally Come to Open Banking Wollette, the British technology company redefining commerce, payments, and consumer engagement, today announces WollettePay – a bold new way to pay. Designed to combine the speed of one-tap checkout with the…
Lincoln Financial Launches Exclusive Capital Group and Vanguard Fund Within Variable Annuities
Lincoln Financial (NYSE: LNC) announced the launch of LVIP American Funds Vanguard Active Passive Growth Fund, available exclusively within American Legacy® and Lincoln Investor Advantage® variable annuities. The new fund combines the strengths of two leading investment managers – Capital Group and…