To keep note repayment on track, credit enhancement comes from subordination, and senior notes benefit from a principal lockout period on the subordinate classes.
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Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next vice chair for supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the Fed's regulatory policy review.
February 18
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Borrowers to test court restrictions as record liability management exercises volume continues
February 17
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The Trump administration has installed Jeffrey Clark at the Consumer Financial Protection Bureau. Clark, a former environmental lawyer in the Justice Department in the first Trump administration, was indicted as part of the president's efforts to overturn the 2020 election.
February 17
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The 4th aviation ABS this year indicates a busy year ahead for the sector.
February 14
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Refis and resets surge in January as AAA spreads continue to tighten
February 14
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The consortium of businesses intends to work with state regulators to protect consumers as interest from secondary market investors also grows.
February 14
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The enterprise failed to improve on its net income but did report a steady profit, and got closer to meeting minimum risk-based regulatory capital requirements.
February 14
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Uncertain economic impact from government actions could drive disruptions
February 13
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Top banks launch $1.2 billion deal for iconic Seagram Building
February 13
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Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.
February 12
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The $500 million in similarly structured deals pool insurance-premium finance loans.
February 12
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The latest refinance surge helped lift total application activity up for a second straight week, even as purchases fell, the Mortgage Bankers Association said.
February 12
