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Jeffries is preparing to sponsor $143.2 million in securitized bonds backed by unsecured consumer loans underwritten largely through income verification.
April 21 -
The parent company of Regions Bank released modest growth first-quarter earnings, anticipating a slowdown in the economy due to market volatility.
April 17 -
As servicer, Rocket Mortgage will not provide advances of delinquent principal and interest. Doing so runs the chance of intermittent cashflows to the trust.
April 17 -
The regional bank is offloading a $1.9 billion student loan portfolio in order to focus on its relationships with existing customers, said CEO Bruce Van Saun.
April 16 -
The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.
April 16 -
Principal payments, will be repaid through three periods of a full turbo period, a non-turbo period and another full turbo period before an amortization trigger event.
April 15 -
The deal has an extensive capital structure, which is expected to repay investors sequentially, with notes enhanced by subordination.
April 15 -
Cross 2025-H3 has moderate leverage, according to KBRA, with a weighted average (WA) loan-to-value ratio of 72.3%, and a debt-to-income ratio of 33.5%.
April 14 -
The Buffalo, New York-based bank also said Monday that the commercial real estate lending market has started showing signs of life, but that the renewed competition is crimping its loan growth.
April 14 -
The notes will get credit enhancement from balances on the subordinate bonds, which are permitted to amortize.
April 11