Finance

Credit enhancement builds over time and includes non-declining overcollateralization at 5.00% of the initial adjusted pool balance, and a reserve fund that represents 0.25%.

Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area.

Subordination and a reserve account are among the protections on notes supported by subprime loans on primarily used vehicles.

Revenue from 1,449 restaurant locations in 26 states, secured notes from Cajun Global, which primarily, gets its cash flows from top-line royalty payments from the system's franchise locations.

Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers' inflation expectations.

But the 12-month view is different, as a significant portion of those polled see more North American corporate defaults. Commercial real estate seems to have recovered some confidence.

DB Master Finance has a high leverage level, but a high corporate profile and amortization triggers mitigate risks stemming from that.

The 378 contracts were extended to 105 obligors at mid- to large-size companies, and they have strong credit profiles.

The class A notes, which KBRA assigns a AAA rating, and which have the bulk of the outstanding note balance, $259.3 million, benefits from an enhancement level of 61.10%.

The structure includes cash trap and sweep conditions, plus subordination that helps ensure cashflow to the notes.

Highlighting the risk of circularity, Banco Santander SA is exploring a fund with options for investing in its own SRTs.

Rithm Capital, a real estate investment trust, is sponsoring the deal, in which property focused investor loans represent 32.60% of the collateral pool.

Goldman Sachs and Obra Capital are providing loan funding, and the Crescent Auto Finance acquisition brings a technology platform and loan portfolio.

The oversight agency for Fannie Mae and Freddie Mac is taking a new approach to affordability targets and is withdrawing some unrelated, older initiatives.

The membership also claims a large wallet share of borrowers' financial services business, which supports a strong direct auto lending credit profile.

A big part of the outreach is to clearly distinguish Regulation AB asset-backed securities from Exchange Act ABS, especially as new issuers and investors enter the market.

Soal is joining as a managing director in charge of SRT origination, having been a director at BMO's risk & capital solutions desk.

The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying.

Proceeds will cover storm restoration costs stemming from a series of severe storms, including hurricanes Helene in 2024, Ian and Zeta in 2020, and winter storm Izzy in 2022.

As the deal's servicer, GLS is considered less able to mitigate non-collateral risks on behalf of securitization bondholders, it is still experienced, with more than 35 ABS deals.