Verizon Owner Trust 2019-C will be offering $953.9 million in bonds via Barclays, including $850 million in a Class A-1 tranche split between fixed- and floating-rate notes.
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The high court will decide how much latitude a president has to fire the director of an independent agency.
October 18
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According to Kroll, this is the middle-market lender's first securitization of growth-opportunity loans made to venture-capitalized software firms that have yet to develop earnings or substantial assets.
October 18
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In her second day of congressional testimony, Kathy Kraninger took heat from Senate Democrats for weighing in on constitutional questions about her agency and for her enforcement track record.
October 17
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The IACPM's quarterly global outlook survey on credit conditions indicate rising expectations for wider spreads and higher default levels, centered on troubles in the speculative-grade market.
October 17
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According to presale reports, the fixed-rate loan collateral in Angel Oak Mortgage Trust 2019-5 makes up 77.8% of the new collateral, compared to just 35.5% in Angel Oak’s previous deal that priced in July.
October 16
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While demand is strong and loan performance generally remains solid, the prevalence of longer loan terms has sparked concern that losses will eventually spike.
October 16
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CFPB Director Kathy Kraninger faced a barrage of questions from Democrats on the House Financial Services Committee over why the agency has not demanded refunds for consumers in recent settlements.
October 16
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Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.
October 16
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The $50.4 million participation is the largest loan in UBS' next $807.3 million commercial mortgage securitization.
October 15
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A list of upcoming cases published by the high court did not include a challenge to the bureau's constitutionality, but the justices could still decide to review it at a later date.
October 15
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RESIMAC Bastille Trust RESIMAC Series 2019-1NC is an Australian-dollar (AUD) $1 billion transaction (approximately US$674.5 million) that will feature a US$250 million Class A-1 tranche of notes, according to Fitch.
October 15
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Raptor Aircraft Finance I Ltd. is a transaction backed by a portfolio of 16 narrow-body and three wide-body aircraft – all of which are relatively young planes with an average age of 3.92 years.
October 15
