Borrowers have a FICO score of 739, which is the highest of prior LADAR transactions. There is also a non-declining reserve account of 1.00% of the initial adjusted pool balance.

With prices continuing to increase and the conforming 30-year mortgage rising above 7% in July, the purchase market is in a holding pattern, Black Knight said.

Looking to insurers for growth, the asset managers seek NAIC look-through to lower risk-based capital.

The current pool does contain personal loan renewals, and they remain in the pool as eligible collateral during a three-year revolving period.

The issue has the potential to be upsized to $1.84 billion, and rating agencies say it has about 7.4% in credit support from hard credit enhancement and excess spread.

The three former Washington Federal Bank for Savings board members were accused of giving the OCC false information in an attempt to hide embezzlement. They could face up to five years in prison for attempting to deceive the OCC.

The special assessment to refill the Deposit Insurance Fund should be based on uninsured deposits after the failures of Silicon Valley Bank and First Republic Bank, House Republicans said.

The bank continues to support securitizations of esoteric assets, including rental car leases, consumer loans, triple-net leases, small business loans, and whole-business revenues.

The required yield supplement overcollateralization (YSOA) is 9.65%, up from 9.30% in YSOA on the TAOT 2023-A.

Repossessions registered both monthly and annual increases, though, according to Attom.

The delivery of immediate cash value to WMC stockholders was one of two points that solidified the deal.

PHH Mortgage will service all of the loans in the pool, for an annual fee of 0.20%. For its part, Velocity will act as special servicer on loans that become delinquent for more than 60 days or default.