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The deal will have a four-month prefunding period, and during that time the originators can originate and sell up to $13.6 million of additional contracts.
April 3 -
The underlying loans have a (WA) FICO score of 734 across the statistical pool on the current deal, after coming in at 729 score seen on the previous deal, the HINNT 2022-A.
April 1 -
Such structured products would be the latest in a string of innovations that includes everything from debt-for-nature swaps to novel use of carbon offsets.
March 18 -
KKR has been rapidly seeking to expand its asset-based financing business, which has about $48 billion in assets since starting up in 2016.
March 13 -
Vervent acts backup servicer, which will first make pro rata payments to the administrator and servicers. Then CRB 2024-1G will repay interest and principal to investors on a senior-subordinate basis.
March 11 -
A vast majority of the pool, 86.9%, are contracted to be paid over 12 months. The remaining receivables are paid over six to 18 months.
March 5 -
The collateral pool has some 2,950 assessments. They have a WA original term of 26.39 years, an assessment loan-to-value ratio of 6.26%, and a mortgage LTV of 44.50%.
March 1 -
Calculating catastrophic risk is more complex than it used to be, because there's a growing concentration of property in areas that are prone to increasingly frequent storms, fires and floods.
February 26 -
Two trusts, the Sunnova Sol VI 2024-1 Issuer and the Sunnova Helios XIII, 2024-A will issue the notes, both with Atlas SP at the helm.
February 23 -
Time Investment Company, a first-time issuer, offers loans that mostly finance home water treatment systems, and its customers approach prime quality.
February 22