The findings from Standard & Poor's show little impact from the Federal Housing Finance Agency's proposal regarding what information is required to underwrite a conforming mortgage.
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Partners in ABS practice also discuss how CLOs face final bridge to cross as Libor transition approaches the finish line.
June 20
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NALT 2023-B will operate with several forms of credit enhancement, including initial hard credit enhancement of 22.91%, and initial overcollateralization (OC) of 22.51%.
June 16
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The American Bankers Association's credit conditions index remained near historic lows despite a slight uptick in the most recent quarter. Pessimism pervaded the outlook for both business and consumer lending.
June 16
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The Consumer Financial Protection Bureau decided to move forward with its proposal based on feedback to an earlier request for input.
June 16
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Similar to previous deals, John Deere has initial hard credit enhancement of 3.50%, analysts said, adding that initial spread is expected to be 2.00% per annum.
June 16
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The marketplace has a large appetite to acquire risk-adjusted rental product. Investors see tailwinds leading to a revitalization of SFR capital markets by yearend.
June 15
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The findings from Standard & Poor's show little impact from the Federal Housing Finance Agency's proposal regarding what information is required to underwrite a conforming mortgage.
June 15
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Among the nonperforming assets 44.01% are either in foreclosure or referred for foreclosure; 19.32% are in default; 7.17% are liquidated and 1.75% are in bankruptcy.
June 15
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AMC Diligence conducted a third-party due diligence review on 32% of the portfolio by unpaid principal balance, which reduced the 'AAA'-level loss expectation by 20 basis points.
June 14
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The Federal Reserve chair said that as the Treasury replenishes its general account at the Fed, it will lead to fewer reserves in the banking system.
June 14
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Republican members of the House Financial Services Committee blasted Consumer Financial Protection Bureau Director Rohit Chopra as an 'extortionist' and labeled his efforts to rein in discrimination as 'McCarthyism' during a four-hour hearing Wednesday.
June 14
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Monetary policy officials have finally gone a month without tightening but made it clear more action could lie ahead, suggesting it could be awhile before housing finance costs consistently fall.
June 14
