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The transaction features two potential securitizations of collateral pools valued at approximately $1.11 billion and $1.32 billion, with bonds totaling $1.01 billion and $1.20 billion.
July 5
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As of the May 31, 2022 cut-off date, 95.6% of the loans were current, of which 2.1% are bankruptcy-performing loans and 4.4%, 30 days delinquent.
July 5
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Questions remain around switching benchmarks that could result in unexpected refinancings
July 5
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Compared to the baseline macroeconomic scenarios updated in March, near-term growth outlooks have deteriorated across most DBRS Morningstar-rated sovereigns worldwide.
July 1
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Loan forgiveness would help offset FFELP student loan ABS low prepayment rates and maturity risk, a primary driver of rating downgrades since 2016.
July 1
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Issuance volume of asset-backed securities for the year through June 30, 2022
June 30 -
Underwriting league tables of asset-backed securities through June 30, 2022
June 30 -
About 79% of the loans in the collateral pool were made to borrowers without full documentation, while 34% of the loans in the pool were underwritten to bank statements.
June 30
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The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.
June 29
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As banks get pummeled by risk aversion and sinking asset values, direct lenders are lavishing risky companies and private-equity firms with capital at rates below what’s available in the high yield and syndicated loan market.
June 29
