Magazine Issue Year 2020

Digital Edition

May/June 2020

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Magazine Issue Year 2020

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Esoteric ABS

Fidelis Mortgage Trust sets out to raise $112.1 million from fix-and-flip pool

The deal benefits from three accounts–a Funding, Expense Reserve and Interest Reserve. The Funding Account will fund draws and purchase additional loans.

By Donna M. Mitchell

20m ago
Student loan ABS

SMB Private Education platform in the market with $618 million

Underlying variable-rate loans were underwritten to the Chicago Mercantile Exchange (CME) Term SOFR or the average SOFR. Also, SMB 2026-A will not hedge the rated notes or the student loans in the trust.

5h ago
Treasurys

US Treasuries extend fall as traders slash Fed rate-cut bets

Traders priced in about 50% odds of more than one quarter-point rate cut by the Fed this year, after fully pricing in two cuts as recently as Friday.

By Greg Ritchie and Michael MacKenzie

7h ago