The latest investor statements show the persistence of a trend in which one vintage has a higher rate of distress than others, Morningstar DBRS finds.

The deal structure includes a lock-out feature that will redirect the portion of the subordinate principal among other protective features like subordination.

The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.

FHF Issuer Trust 2026-2's final distribution dates range from Sept. 15, 2027 on the class A1 notes through Jan. 16, 2034 on the class F notes.

The class A notes include first cash flow and last cash flow tranches, both of which benefit from 28.31% in credit enhancement.

As tech facilities push into lower income and rural housing markets, lenders navigate local growth without major impacts on home sales price trends.

The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.

On Aug. 14, over 30% of the loans sent to Fannie Mae and Freddie Mac from each company were scored using VantageScore 4.0.

The notes will be issued off of a pool of 3,525 first- and junior-lien revolving HELOCs that were recently originated. The deal will repay investors on the 25th of each month, and notes have a stated final maturity date of July 2056.

So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.

He joins from Stifel, where he was a managing director, and is part of a shift that pushes Jim Baldo to senior managing director in fixed income sales.

There are two monster debtors out there — the AI industry and the U.S. government. Is the credit market big enough for the both of them?