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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The transaction, expected to close on March 2, has a non-call period end date of two years from the expected closing, a reinvestment period end date of April 15, 2026.
February 28 -
The NRMLT 2022-NQM2 payment structure provides for a waterfall of distribution to all of the classes of notes at all times, including classes A-1 through A-3.
February 25 -
This is the third publicly rated, non-agency securitization to price in more than a decade. The collateral is FHA seasoned, non-performing and re-performing.
February 24 -
Athas Capital Group originated the mortgages, which have an average balance of $408,350, and an average weighted average (WA) original term of 362 months.
February 23 -
NMEF 2022-A, benefits from some improved credit characteristics. Personal guarantors have a weighted average (WA) FICO score of 719, up from 712, compared with 2021-A.
February 22 -
This deal appears to be the first since the Netherlands-headquartered multinational acquired First Investors in an all-cash transaction finalized last November.
February 22 -
CDFI-originated loans are not required to comply with the Ability to Repay (ATR) rules, but the mortgages included were generally made to creditworthy borrowers.
February 18 -
Eight middle market CLOs were under critical observation; 97% of them were upgraded and 3% were affirmed, and 14 notes under investment-grade were upgraded.
February 18 -
About 58.1% of the loans are in California, while two California cities -- Los Angeles and San Diego -- make up the pool’s largest MSA concentrations.
February 17 -
The Fed is getting a late start as it is, say observers. Its poky pace of target rate action is setting up the markets for a rush beginning in March.
February 16 -
By the time the latest Vertical Bridge deal, Series 2022-1, closes, the issued notes will be the only ones outstanding from the VB-S1 program.
February 16 -
SCF 2022-1’s reserve account is funded at 1.0% of the initial aggregate discount balance (ADB), which is not amortizing.
February 15 -
A pool of equipment lease contracts to industrial and commercial clients, will underpin the notes to be issued from the trust, VFI ABS 2022-1 deal.
February 14 -
About 3.3% of loans in the deal fall into the 600-649 FICO bucket on the current Sunnova Helios VIII, 2022-A, compared with a 1.2% level in the 2021-C deal.
February 10 -
New vehicles account for about 21.5% of the SDART 2022-1 pool, down from 23.0% of the 2021-4 deal, amid the supply crunch for components to build new cars.
February 9 -
The sponsor, owned by Blackstone Real Estate Debt Strategies and a majority-owned affiliate of BREDS IV Residential Holdco, will retain a residual interest.
February 9 -
Hi-Fi Music 2022-1 has several credit enhancement features, including an interest reserve account that is initially funded and sized to cover 12 months of interest.
February 7 -
Craske will advise banks, originators and other financial institutions on a range of ABS, including auto loans and leases, trade receivables and insurance premium loans.
February 4 -
AOMT 2022-1’s waterfall payment structure allows for sequential principal distribution to all of the certificates at all times, including A-1 through A-3.
February 4 -
Marlette Funding will pay bondholders sequentially. Also, the transaction is structured to de-lever, so the level of credit enhancement will increase over time.
February 3
