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 2025A bonds will have parity with all senior bonds that have been previously issued, and any senior bonds issued in future deals.
September 10 -
Credit enhancement could increase for the most senior outstanding classes of notes, however, as the notes repay investors sequentially over time.
September 9 -
Almost all the notes are fixed rate, except for the A2-B tranche which pay a coupon based on the one-month Secured Overnight Financing Rae (SOFR).
September 9 -
The assets' legal isolation means that the NCUA exercising its powers in a way that would reduce payments to the notes is a remote possibility.
September 5 -
About 73.9% of the underlying mortgages were underwritten through debt service coverage ratio (DSCR) and 12- to 23 months of profit and loss and bank statements.
September 4 -
Notes are expected to pay a coupon of about 2.5% over the Swiss Average Rate Overnight (SARON) with an expected maturity of seven years.
August 29 -
Homeward Opportunities also includes an accumulation account to help fund drawdowns related to construction costs, among other costs.
August 28 -
Ratings analysts caution that the notes have a WA life of about three years while, and the underlying asses have a WA remaining term of about 20 years.
August 27 -
Principal will only be paid out to Huntington's noteholders when each tranche of notes maintains a certain level of credit enhancement.
August 26 -
Marine vehicles and recreational vehicle loans compose half the collateral pool, 50.8%, but long original terms exposes the collateral pool to some risk.
August 25
