Some loans in the guaranteed portfolio have adjustable-rate coupons based off of Libor, but PacWest will make the interest payments based on the SOFR index.

The class-action lawsuit was brought on behalf of mortgage borrowers who were allegedly placed into forbearance during the early days of the pandemic without their consent.

Some 95.8% of loans in the statistical asset pool as of the statistical calculation date were supported by guarantees with a WA non-zero guarantor FICO of 716.

The Consumer Bankers Association and the Center for Responsible Lending said the Consumer Financial Protection Bureau should renew its efforts to level the regulatory playing field between larger bank and nonbank companies that make installment and other kinds of personal loans.

Non-qualified mortgages comprise 50.5% of the pool, and the remaining loans are considered exempt from the Ability to Repay/Qualified Mortgage rule.

More than 350 investors put money into Agility Bank, a de novo minority depository institution that opened in May. It raised nearly $41 million, well surpassing its $30 million goal.

Both the 30- and 15-year averages are now more than 3 percentage points higher from their levels of one year ago.

On a weighted average basis, seasoning was about 10 months, and among loans with an original term of more than 72 months, the FICO score was 730, down from 744.

The transaction closed in August for an undisclosed amount and gives KBRA Analytics a business unit that was expanding in the direct lending analytics industry.

Still near historic low levels, the share of borrowers entering the early stages of delinquency in June increased 0.1 percentage point.

EDvestinU will issue notes through a sequential-pay structure, and pay no principal to the subordinate class B notes until the class A notes are paid in full.

Clients of dv01 leverage the firm's loan-level data for a range of purposes, including securitization and performance analysis.