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KBRA noted that debt service coverage ratio underwriting accounted for the largest portion of the loans in the pool, 35.0% and 52% of borrowers in the pool are self-employed.

The benchmark on the class A2 could change under certain circumstances, and the maximum allocation to the A2 notes will be 50% of the overall size of the A class.

Basel III recalibration cuts commercial real estate risk weights, unlocking $100 billion in bank lending capacity.

The status quo might be jolted by individuals and companies pulling cash from banks and money markets to meet tax obligations, spurring banks to tap liquidity facilities.

Large loan balances are increasingly common in non-QM and HELOC securitizations, bringing faster prepayments and higher delinquency risks, Bank of America Securities research shows.

Half of Gen Z homeowners and 44% of millennial homeowners were at risk of missing at least one mortgage payment over the last two years, ServiceLink found.

Recent securitizations have seen a shift toward sport-utility, crossover utility and electric vehicles, as well as higher concentrations of the Kia and Genesis brands.

Schwartz advises clients on convertible 144A offerings, as well as private investments in public and private companies.

CFO Jeremy Barnum cited a "persistent miscalibration" of the surcharge on the biggest banks. JPMorgan reiterated its recommendation for changing the so-called G-SIB surcharge.

Being a diversified global bank, Goldman Sachs was "broadly seen favorably as a relatively safe haven type of credit," said Tony Trzcinka, an investment grade portfolio manager at Impax Asset Management.