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Forbearance rates dropped below 7% for the first time in six months, but the decrease is largely due to the ending of the initial six-month term of forbearance granted by the legislation, according to the Mortgage Bankers Association.
October 13
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Navient Solutions has approached the market with $780 million securitization of Federal Family Education Loan Program loans, following a similarly structured transaction completed in early August. In a report published Oct. 12, Moody's Investors Service highlighted the elevated risk to those assets during the current pandemic.
October 13
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Money managers bargained away legal rights in exchange for higher returns in an ultra-low interest rate environment. Now they find themselves with precious little protection for their investments just as the pandemic is causing a wave of corporate bankruptcies across the country.
October 12
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The recent decrease in the rate at which current loans became impaired could further encourage the cautious return of the non-QM market currently underway.
October 9
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Investors continued to tap the COVID-19-driven emergency facility for SBA loan pool purchases, secondary CMBS notes, and private SLABS.
October 9 -
Just 45% of U.S. consumers plan to go to a shopping mall this season, down from 64% who visited last November and December, according to an International Council of Shopping Centers survey released Friday.
October 9 -
Deals, trends and research in structured finance and asset-backed securities for the week of Oct. 2-8
October 9
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Underwriting league tables of asset-backed securities through 10.8.2020
October 9 -
Issuance volume of asset-backed securities for the year through Oct. 8, 2020
October 9 -
Prestige's new $377M securitization has a collateral pool in which over 44% of the loans are from borrowers with recent Chapter 7/13 discharges.
October 9
