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LBZZ 2023-1 has a reduced recovery rate assumption on the current transaction at 50%, given deteriorating recovery trends and lower used vehicle values.
February 10
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Martin Silver, 65, pleaded guilty in April, admitting that he conspired to defraud investors by overvaluing distressed loans and creating bogus documents and fake loans to hide losses.
February 10
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The pro-rata/sequential hybrid structure provides some credit enhancement along with cumulative loss and delinquency trigger events and excess spread.
February 10
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The two banks are now targeting May 27, three months later than their previous goal. The transaction, which would create a top-six U.S. bank by asset size, was originally expected to be completed last fall.
February 10
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While reverse mortgages allow older homeowners the opportunity to draw on home equity with minimal risk, problems arising from flaws in program structure are causing headaches for borrowers and issuers alike, according to recent reports.
February 10
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Fitch and Moody's might have differing outlooks on the notes' CNL outlook, but they agree that HDMOT 2023-A's collateral pool is marginally stronger.
February 9
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Underwriting league tables of asset-backed securities through February 9, 2023
February 9 -
Issuance volume of asset-backed securities for the year through February 9, 2023
February 9 -
The bank was already mulling headcount and compensation reductions in early September.
February 9
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Healthcare companies used to be some of the safest to lend to during economic downturns, until private equity firms bought them out and larded them with debt.
February 9
