The end-of-year slowdown comes after a recent fall surge, but overall activity still finished 6% below late 2022 levels, according to the Mortgage Bankers Association.
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The delinquency rate that Kroll Bond Rating Agency tracks improved last month but JER's recent Chapter 11 filing and 2024 forecasts suggest it's still under pressure.
January 2 -
The segment demonstrated sustained resilience in the third quarter, growing its share of the market each month amid rate volatility, according to Corelogic.
January 2 -
For the most part the underlying loans have very low default rates. Almost the entire pool, 91.8%, is clean current, and appear to have performed well into the period where they were expected to experience greater losses.
January 2 -
Fitch expects to assign AAA to the class A notes.
December 29 -
The transaction is collateralized by at least 95% senior secured loans, cash, and eligible investments, S&P says.
December 29
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A diversified pool of buyout funds secures $500 million of class A notes issued by White Rose CFO 2023 Holdings.
December 28 -
The pool has lower leverage compared to recent multi-borrower transactions rated by Fitch Ratings.
December 28 -
But the decline may be close to its floor, as wide spreads compared to 10-year Treasury yields hinder how far averages could fall.
December 28 -
Sophisticated technology enables the firm's real-time market adjustments, allowing the lender to become a top securitizer quickly since its founding in 2016.
December 28 -
While much of the attention in next year's election is on the top of the ticket, there are several other important races in 2024 that banks need to keep on their radar.
December 28 -
The pool is well seasoned with a weighted-average seasoning of over 10 years for almost the full pool, according to S&P Global Ratings.
December 27 -
The certificates are backed by a single loan for 10 retail centers in nine states. AMC Theatres is the portfolio's largest tenant, representing 10.4% of the portfolio's base rent.
December 27