Donna M. Mitchell

The fund aims to bring greater granularity and spreads of consumer assets to institutional investors that typically have a greater exposure to corporate credit assets.

The 144A deals close within a week of each other and both have eight-year maturities. Series 2024-P3 has four class A tranches compared with 2024-N3's three class As.

The team will report to Vincent Pham as UMB Bank enhances its capabilities in CLO trustee and loan administration services.

COLT 2024-5 has a higher concentration of full documentation loans, 6.1%, compared with 5.1% on the COLT 2024-4 deal, and smaller concentrations of piggyback mortgages and loans on investor properties.

The joint venture will use a combination of internal and third-party capital to purchase mortgage loans that A&D originates and services, while investing in a range of mortgage securities on the transactions.

Strong fundamentals like strong contractual cashflows, a favorable outlook for the wireless sector and the underlying mortgage structure all support positive credit to the notes.

The Onity Loan Investment Trust, series 2024-HB2, is preparing to issue $469.3 million in securitized bonds, with repayment pledged from principal payments from pool of 1,078 reverse mortgage loan and real-estate owned (REO) assets.

Pricing talk includes yields ranging from 4.9% on the AAA, class A1 notes; 5.7% on the AA, class A2 notes; and 6.2% on the AA M1 notes.

The action stems from 2017, when the CFPB filed a lawsuit claiming Navient steered borrowers who might have qualified for income-driven repayment plans into more expensive forbearance instead.

Since July 21, 2021, the cutoff date before its last deal, Avant's active credit card accounts increased 388%, to its current 1 million accounts.