Finance

The U.S. Treasury Department signaled that some recent interventions by trading partners in the foreign-exchange market can be justified, and a surging dollar is mainly driven by developments in the American economy.

Seasoning, a strong borrower profile and backup servicer mitigate concerns about SoFi Lending's credit strength.

Success could open up a major source of uncorrelated risk to structured-finance investors.

Investors had been trimming bets on the dollar ahead of Thursday's US inflation data, with a slowdown in prices leading it to get pummeled.

Without subordination, overcollateralization, a liquidity reserve account, and an Interest Supplement Account provide initial credit enhancement.

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes.

The company was profitable on a net basis but took a comprehensive loss linked to market volatility's effect on mortgage bonds.

Some 53% of the loans are debt service coverage ratio products—originated for business purposes and likely to fund the 43.8% of investor properties in the pool.

Subprime auto loan borrowers are increasingly falling behind on payments, and the value of used cars is dropping, two trends that are clobbering bonds tied to the debt.

Virtually the entire pool is financing used cars. Even that might leave the pool vulnerable to reduced recovery costs, should prices for used cars drop notably.

The company is floating the possibility of selling a portion of its loan portfolio to free up liquidity in coming months, leaders said.

The alchemists of Wall Street came up with a solution for investors who needed fatter yields: complex products that spun extra basis points out of markets.

The government-sponsored enterprise put more money aside as mortgage interest rates rise and home prices start to decline.

Based on the securitized utility tariff property, the security of the notes will depend on the number of customers in the utility's service area.

Aside from equipment leases, the collateral will include interest certificates and equity interests in entities formed to own aircraft leases and related aircraft.

The dollar resumed declines on Monday in New York amid a rebound in U.S. equities and other risk assets ahead of inflation data and the mid-terms elections.

The CLO is preparing to raise $494.5 million from the capital markets, with a reinvestment period of 2.9 years, and a a weighted average (WA) recovery assumption of 77.03%.

The company's volume fell behind its wholesale-focused chief competitor's in the third quarter but management foresees potential weakness in the broker channel.

It said just over $1.2 billion of dollar notes had so far been accepted for purchase with six days still remaining for investors to sell back their holdings.

Should Libor become unavailable most CLO loans are already written to fall back to the prime rate. Managers will have to monitor their CLOs' legacy Libor loans.