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Prestige's new $377M securitization has a collateral pool in which over 44% of the loans are from borrowers with recent Chapter 7/13 discharges.
October 9 -
The 1,400-store chicken wings chain, which has benefited from carry-out dining trends during the pandemic, will sponsor its second whole-business securitization since 2018.
October 8 -
The deal consists of 11,673 nonconforming first-lien mortgages, of which nearly all have been previously modified. Approximately 7% are in COVID-19-related forbearance.
October 7 -
The ratings agency reported that the average percentage share of triple-C rated loans in CLO portfolios fell below 10% for the first time since March.
October 6 -
The notes are backed by $456.9 million in high-balance loans that meet qualified mortgage standards, according to ratings agency presale reports.
October 5 -
The quarterly numbers were boosted by $11.3 billion in new deals last month, the most active month for CLOs since April 2019.
October 2 -
Credit research analysts cite a "significant" drop in defaults since the 2Q and improving macroeconomic indicators.
October 2 -
Deals, trends and research in structured finance and asset-backed securities for the week of Sept. 25-Oct. 1
October 1 -
Deals, trends and research in structured finance and asset-backed securities for the week of Sept. 18-24
September 24 -
The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.
September 23
