Finance

ODF II will focus on originating senior and junior commercial rea estate debt investments across major U.S. markets, focused on multifamily properties.

Analysts at RBC Capital Markets said the plan is bad news for Invitation Homes and American Homes 4 Rent, but the companies "are long past the time of significant growth in home count

While Westlake's customer accounts usually have credit bureau scores ranging from 500 to 700, the WLAKE 2026-1 collateral pool's non-zero weighted average credit bureau score was 620.

Largely strong credit qualities were offset because by loans on single-family homes in the pool dropping by 0.5%, and that the percentage of loans that received due diligence decreased by 0.4%.

With limited seasoning and primarily a clean payment history, OBX 2026-NQM1 had a seasoned probability of default of 33.3% among the AAA stresses and 11.4% among the B.

Late last year, commercial bank holdings of mortgage paper reached the highest level since 2023 as these depositories are flush with deposits.

Keefe, Bruyette & Woods attributes Fannie Mae and Freddie Mac portfolio growth for the narrower spreads, but other reasons include lower volatility.

Initially, all the class A notes will benefit from total hard credit enhancement that represents 6.10% of the note balance, and the components give the notes a strong credit boost.

Minneapolis Federal Reserve President Neel Kashkari said on CNBC that both sides of the central bank's dual mandate show signs of imbalance, with the labor market appearing more vulnerable.

The pool of mostly multifamily properties has a cap rate of 9.49%, and an LTV rate of 75.1%.

The dollar volume of unsecured consumer loan rose dramatically. But as consumer lending rises, so do the default risks.

Despite a limited representation and warranty framework, the entire pool has experienced third-party due diligence, which reduces the risk of future violations.

Signs point to less aggressive uptier LMEs while sponsored borrowers pursue new structures to circumvent restrictions.

A significant portion of the loans in the pool by balance, 44.5%, are designated at non-QM, according to DBRS, adding that about 50% of the loans in the pool were made to investors for business purposes.

Among changes from the PAID 2025-8 transaction, the current deal has a 24-month revolving period when eligible collateral can be purchased.

Fannie Mae sees growth in refinance activity pushing volumes upward, but flattening purchases will temper lender momentum, according to its December report.

A rise in issuance of nonqualified mortgages and seconds is in the forecast but home prices, credit and the GSEs may impact private-label bonds' trajectory.

Janus brought several innovations to the asset management market, including the asset-backed securities ETF (JABS) and the fixed-rate CLO ETF (JAAA).

FAT Brands warned in late November that it could be forced to file bankruptcy after creditors demanded full repayment on its roughly $1.2 billion of whole-business securitization debt.

Principal will be distributed pro rata among the senior A1 through A3 certificates, and subordinate bonds will not receive any principal until all senior classes are reduced to zero.