Jamaica's cat bond success could spur issuer and investor interest in the product, putting Beryl's failure to trigger any compensation in the past.
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Second-lien mortgages make up the collateral pool. Those assets normally have a high expected loss severity, but the borrowers appear to be of prime credit quality.
8h ago
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Rate-and-term refinances dropped 14% month over month in October, but were still up 143% from last year.
November 11
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The Department of Justice told a court that the Consumer Financial Protection Bureau cannot legally request funding from the Federal Reserve System, arguing that the Fed has not turned a profit since 2022 and thus cannot fund the CFPB.
November 11
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In addition to that subordination, the deal structure includes cash trap and sweep conditions to support cash flow to the deal.
November 11
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Federal Reserve Governor Stephen Miran said emerging stresses in housing and private credit markets warrant a reduction to short-term interest rates. While preferring a 50 basis point cut in December, Miran said he would settle for a 25 basis point reduction.
November 10
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Second-lien mortgages make up the collateral pool. Those assets normally have a high expected loss severity, but the borrowers appear to be of prime credit quality.
8h ago -
Rate-and-term refinances dropped 14% month over month in October, but were still up 143% from last year.
November 11 -
The Department of Justice told a court that the Consumer Financial Protection Bureau cannot legally request funding from the Federal Reserve System, arguing that the Fed has not turned a profit since 2022 and thus cannot fund the CFPB.
November 11 -
In addition to that subordination, the deal structure includes cash trap and sweep conditions to support cash flow to the deal.
November 11 -
Federal Reserve Governor Stephen Miran said emerging stresses in housing and private credit markets warrant a reduction to short-term interest rates. While preferring a 50 basis point cut in December, Miran said he would settle for a 25 basis point reduction.
November 10 -
Mortgage credit availability increased 2.3% to 106.8 last month, marking the fourth consecutive month of growth.
November 10
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Senior notes are supported by an interest reserve account, and class A2 notes have a scheduled annual amortization of 1.0% before their anticipated repayment.
November 10
