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The company in a court filing suggests it has funds available for its unsecured creditors, led by a private equity firm, major banks and a servicer.

Some are pondering the implications of whether there has been an increase in the neutral rate, also known as R*, the theoretical level at which rates neither stimulate nor restrict an economy.

While the collateral pool consists of a mix of fixed- and adjustable-rate mortgages, CHNGE Mortgage 2023-4's notes are priced to the three-month interpolated curve.

An economic slowdown would deliver lower interest rates but tighter credit standards, while a "soft landing" for the economy wouldn't solve the low inventory problem, a new report said.

After a challenging 2022, fund flows reverted to positive territory in 2023 even though higher interest rates and wider spreads have considerably reduced the supply of securitized product.

The key to the trade is that the instruments, worth about $20 billion in all, are pegged to the now-defunct London interbank offered rate, or Libor.

Underwriting league tables of asset-backed securities through August 24, 2023

Issuance volume of asset-backed securities for the year through August 24, 2023

GCAT 2023-INV1 will issue notes from a structure of super-senior through subordinate notes, which will also feature initial exchangeable notes, and an excess servicing class.

Despite ESG headwinds in Florida, Climate First Bank in St. Petersburg continues to make "green" loans and plans to show consumers how their purchases affect the environment.