Donna M. Mitchell is a financial journalist based in the New York metro area with expertise covering structured finance, commercial real estate, and wealth management. Her work has appeared in Forbes, Next Avenue, Financial Planning and National Real Estate Investor.
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Consumer Financial Protection Bureau's decision removes about $49 billion in medical bills from consideration for about 15 million Americans.
January 7 -
Despite shifts in work habits after COVID-19, the office building was 93.8% leased at the start of the month.
January 6 -
Alternative income documentation underwriting accounted for 61.9% of the collateral, compared with 55.2% of the underlying loans in the previous deal.
January 6 -
A vast majority of the collateral pool balance, 82.6%, are mortgages used to purchase primary residences, and just 17.4% finance second homes.
December 31 -
Alternative documentation accounts for 37.9% of the pool balance, compared with 24.6% on the 2024-NQM4 deal.
December 30 -
Borrowers had an original FICO score of 774. A little over a quarter of the borrowers, 25.1%, are self-employed.
December 27 -
Underwriting methods have been steadily shifting to traditional full documentation, which accounts for 13.3% in the VERUS 2024-9, KBRA said, its largest share since VERUS 2024-6.
December 5 -
Notes will repay investors through a modified sequential-payment structure. Senior notes will repay on a pro rata basis. Otherwise, the principal classes will repay principal until the balance in the senior classes equal zero.
December 4 -
Moody's says its cumulative net loss expectation for the PFAST 2024-1 pool is 0.70%, and puts its losses on the Aaa stress level at 4.75%.
December 3 -
Small Business Act 7(a) loans will secure the notes. Interest will be repaid through subordination and interest will be repaid on a pro rata basis.
December 2
