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A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.
June 7
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Market professionals fear a pending circuit court decision could significantly disrupt term loan B and CLO markets.
June 7
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But activity is still very low, as just 1% of the market is in the position to refinance thanks to high interest rates, Keefe, Bruyette & Woods said.
June 7
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Santander will provide a letter of credit, which is sized to cover up to five months of missed interest payments should the trust default on its interest obligations or fall under FDIC receivership.
June 7
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The Providence, R.I.-based bank has been scaling down its indirect auto lending program since last year.
June 7
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A true-up mechanism is uncapped and will mandatorily adjust the charges at least semi-annually to ensure that the trust has adequate funds to make timely principal and interest on the bonds.
June 6
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Construction activity in smaller cities also saw a significant annual decline, according to the National Association of Home Builders.
June 6
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Investors can get equity-like returns by investing in short-term publicly traded bonds, which are generating yields of 6% to 8%, Pacific Investment Management Co. executives said.
June 6
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The Berkshire Hathaway unit first invested in the underwriter in May 2022. Previously it was wholly owned by Realogy.
June 6
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The deal will issue two series of notes, 2023-1 and 2023-1 from the master trust. Both series will issue classes A and B notes, but in both cases only the class A notes will be publicly offered.
June 5
