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AFG ABS will repay the notes on a sequential-pro rata basis, and classes A-1 and A-2 will repay note interest on a pro rata basis.
February 24
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Lee invested more than $15 billion in hundreds of transactions as of 2020. That included his best-known transaction, the 1992 purchase of Snapple Beverage Corp.
February 24
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In the US, some loans include blacklists, which name specific funds that aren't allowed to buy the debt. Those restrictions have come into focus recently.
February 23
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Buyer affordability has decreased by almost 22% in the past year, according to the Mortgage Bankers Association.
February 23
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The security driving the revenue to the bonds is a tariff on customers' monthly bills, in line with the "U.S. Utility Tariff/Stranded Cost Bonds Rating Criteria."
February 23
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Persistent inflation concerns drove the 30-year average up 41 basis points this month.
February 23
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Auto title lender TitleMax was ordered by the Consumer Financial Protection Bureau to pay a $10 million fine and $5 million in restitution for overcharging servicemembers and altering their personal information to avoid detection.
February 23
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Underwriting league tables of asset-backed securities through February 23, 2023
February 23 -
Issuance volume of asset-backed securities for the year through February 23, 2023
February 23 -
CRVNA 2023-1's collateral pool has a non-zero FICO score of 705, interest rate of 11.83%, original term of 72 months and remaining term of 70 months.
February 22
