Company management believes it can still be successful in the securitization market despite widening spreads.

A majority of the loans, 63.5%, were designated as non-QM loans, and about 36.5% of the loans in the pool are made to investors for business purposes.

The term note maturity is also relatively short, and has a scheduled amortization term, which KBRA considers to be a credit strength.

Despite relatively stable performances for the majority of the pool since the previous rating action, concerns remain about the pool’s high exposure to the two loans.

Executives speak on the uncertainty created by the Russia-Ukraine war and Federal Reserve announcements.

The West Virginia Democrat released a statement Monday saying that Sarah Bloom Raskin, President Biden's nominee to serve as the Federal Reserve's top regulator, "failed to satisfactorily address my concerns" and that he would not support her. Manchin's "no" vote puts her confirmation very much in doubt.

Self-employed borrowers accounted for 29.8% of the pool, while loans with co-borrowers and multiple borrowers accounted for 39.9% and 9.8%, respectively.

Purchase lending grew despite headwinds in mortgage rates and rising home values.

The U.S. economy is relatively insulated from the events unfolding in Eastern Europe. Western Europe may be affected indirectly by higher energy prices.

The bill, part of the omnibus spending package, would force banks and other critical infrastructure providers to tell the government right away when they’ve been breached.

The NCSLTs say whether student loan ABS trusts are “covered persons” and thus under the CFPB’s regulation is not something that an appeals court should decide.

While the deal is varied by obligor, Moody’s noted that KCOT 2022-1’s high concentration of construction equipment types is a potential challenge.