The deferred pay structure offers investors a premium over traditional residential transition loan securitizations.
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Deal finds lower pricing and adds a new class of AAA notes.
December 19 -
The Federal Reserve lowered its policy rate but signaled a more "cautious" approach to future cuts in light of higher inflation expectations. Policy uncertainty was one of several contributing factors to that change in forecast.
December 18 -
Higher charges for BB bonds would only marginally impact CLO market.
December 18 -
Tighter spreads are expected as floating-rate demand continues.
December 17 -
The deal mitigates mortgage-pool risk with CLO credit strengths
December 17
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Nonagency issuances are expected to increase 85% for this year over 2023, and rise another 36% in 2025, the second best since the financial crisis.
December 17 -
Unlike some recent RMBS deals, both exclude riskier interest-only loans and those supporting investment properties.
December 16 -
Legacy RMBS structured to withstand challenging mortgage market
December 16 -
Mortgage originators should expect more of those interest rate dips that took place in September, but when they happen is the unknown factor, economists said.
December 16 -
Delay refinancing two loans prompts drop to below investment-grade for one class of CMBS
December 13 -
Affirm partners with Sixth Street to sell its buy now/pay later loans to the investment firm; Associated Banc-Corp promotes Steven Zandpour to deputy head of consumer and business banking; Visa Direct speeds up its money transfers; and more in this week's banking news roundup.
December 13 -
Offshoot of well-known European asset manager taps JP Morgan to structure deal
December 13