The 378 contracts were extended to 105 obligors at mid- to large-size companies, and they have strong credit profiles.
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The class A notes, which KBRA assigns a AAA rating, and which have the bulk of the outstanding note balance, $259.3 million, benefits from an enhancement level of 61.10%.
October 7
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House Financial Services Committee ranking member Maxine Waters, D-Calif., asked bank regulators to give banks the supervisory clearance to extend lines of credit and modify loan terms for federal employees furloughed after the government shut down last week.
October 7
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The structure includes cash trap and sweep conditions, plus subordination that helps ensure cashflow to the notes.
October 7
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Legal experts say the Supreme Court's decision not to immediately rule on a request to remove Federal Reserve Gov. Lisa Cook from office suggests that, whatever the court's views on independent agencies may be, it views the central bank differently.
October 7
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Rithm Capital, a real estate investment trust, is sponsoring the deal, in which property focused investor loans represent 32.60% of the collateral pool.
October 6
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President Trump said big homebuilders are sitting on a record 2 million empty lots, and asked Fannie Mae and Freddie Mac to help restore the American Dream.
October 6
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Goldman Sachs and Obra Capital are providing loan funding, and the Crescent Auto Finance acquisition brings a technology platform and loan portfolio.
October 6 -
The membership also claims a large wallet share of borrowers' financial services business, which supports a strong direct auto lending credit profile.
October 3
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Loan trading remains elevated after tariff implementation accelerates growth.
October 3
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The ongoing government shutdown prevented the Bureau of Labor Statistics from releasing its September jobs report Friday, but job growth appears to be softening. The lack of reliable government data comes as the Federal Reserve mulls further interest rate cuts.
October 3
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College sophomores are applying for jobs before they've even taken a finance class. Goldman Sachs CEO David Solomon says he dislikes the process, but doesn't have the power to change it.
October 3
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A big part of the outreach is to clearly distinguish Regulation AB asset-backed securities from Exchange Act ABS, especially as new issuers and investors enter the market.
October 2
