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The special assessment to refill the Deposit Insurance Fund should be based on uninsured deposits after the failures of Silicon Valley Bank and First Republic Bank, House Republicans said.

The bank continues to support securitizations of esoteric assets, including rental car leases, consumer loans, triple-net leases, small business loans, and whole-business revenues.

A shortage of listings has pushed up prices, boosting the total value of US homes to a record $47 trillion, Redfin reported. 

The required yield supplement overcollateralization (YSOA) is 9.65%, up from 9.30% in YSOA on the TAOT 2023-A.

Underwriting league tables of asset-backed securities through August 10, 2023

Issuance volume of asset-backed securities for the year through August 10, 2023

Repossessions registered both monthly and annual increases, though, according to Attom.

The delivery of immediate cash value to WMC stockholders was one of two points that solidified the deal.

PHH Mortgage will service all of the loans in the pool, for an annual fee of 0.20%. For its part, Velocity will act as special servicer on loans that become delinquent for more than 60 days or default.

The latest offering will get Citadel Securities closer to its long-held ambition to become a primary dealer — a designation the Federal Reserve typically bestows only to firms active across all types of Treasury securities.