After Democrats failed last year to rally support for a federal 36% limit, House and Senate proponents are trying to capitalize on the momentum from state rate caps that recently passed on a bipartisan basis.
-
However, the median monthly expense associated with financing is still lower than that for a lease.
November 24
-
The deal also provides a sequential principal distribution to all of the certificates at all times, unlike recent non-prime securitizations.
November 23
-
But in November, home buyer demand reached its highest level since RedFin began compiling the data in 2017.
November 23
-
Despite a number of weaknesses, the bonds will benefit from a senior liquidity reserve account of $167.5 million and a subordinate liquidity reserve account of $20.5 million.
November 23
-
Most of the deals are FFELP loans, but the sponsor and servicer entity is considered a financially weak company.
November 22
-
However, capacity issues, the suspension of the government-sponsored enterprise purchase caps and higher conforming limits all could affect activity, KBRA said.
November 22
-
Moody’s steps in to provide a higher rating on the Class B portion of the COVID-hardened deal.
November 22
-
After Democrats failed last year to rally support for a federal 36% limit, House and Senate proponents are trying to capitalize on the momentum from state rate caps that recently passed on a bipartisan basis.
November 21
-
The deal’s sponsor has issued a small rated portion to investors and sold the remainder back to loan-originator.
November 19
-
The sponsors got the portfolio through multiple acquisitions from May through October.
November 19
-
The loan pool’s volatility score is high but its diversity of properties is a plus.
November 17
-
The sponsor’s Fortune 500 parent provides comfort in the face of the subprime-auto industry’s woes.
November 16
