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The ratings agency reports that the MPL industry might reckon with a potential spike in defaults as borrowers are rolled out of two- and three-month COVID-19 hardship programs.
September 9 -
Both Moody's and DBRS Morningstar project elevated credit-loss levels for the auto lender, compared to prior deals, due to COVID-19 uncertainties
September 8 -
Deals, trends and research in structured finance and asset-backed securities for the week of Aug. 28-Sept.3
September 4 -
The captive-finance arm of General Motors is the first automotive lender this year to launch a securitization to finance inventories as dealerships rebound from COVID-19-related economic stresses.
September 3 -
The share of 78-month loans is at 14.9%, compared to approximately 10% in World Omni's previous issuance from its subprime/nonprime shelf.
September 2 -
The Dallas-based chain was forced to advance additional principal payments on its asset-backed notes after trailing 12-month sales fell below $1.5B.
September 1 -
Arch's second CRT transaction this year to obtain indemnity reinsurance for mortgage-insurance premiums comes at a time it is also experiencing rising 60-plus-day delinquencies on its outstanding securitized pools.
August 31 -
Although the 3.41% forbearance rate is down from two prior Navient refi deals, it remains far above what has been the low historical payment deferral and workout rate for its refinancing program for advanced-degree professionals.
August 27 -
Three non-QM deal issuers in August report varying levels of progress in moving borrowers from expired forbearance programs.
August 26 -
The $300 million transaction would be the fourth deal to price since early August, following more than a year's absence of activity in global shipping container securitizations.
August 25
