All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.
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The investment will be sourced primarily from KKR's infrastructure and asset-based finance strategies.
June 17
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The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.
June 17
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Navient will follow a sequential repayment structure, and no subordinate classes will receive any principal until the most senior outstanding class is paid in full.
June 16
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Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
June 16
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Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
June 16
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The deal offers a series of exchangeable, class A and B notes, which will pay coupons ranging from 6.00% on the A1 tranche to 5.00% on the A33 tranche.
June 16
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Aspire will raise $468.8 million from a pool of 917 residential mortgages, which are primarily fixed-rate.
June 15
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The North Carolina-based regional has recruited Michael Lyons to serve as CEO, starting Sept. 1. Lyons will replace Bill Rogers, who plans to retire in April 2027.
June 15
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The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
June 15
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The transaction structure includes an interest reserve account on the senior notes, tranche 2026-A1 VFN.
June 12
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The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.
June 12
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CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
June 12
