Finance

Some 42.4% of the financing types are cash-out loans, and a large number of short-term leases in the pool, about 65.5%, help secure Visio.

North American respondents had their own worries to process—a potential end to historically low interest rates, and an end of low defaults amid a recession.

The results offer the first look at how Wall Street fared in a tumultuous three months characterized by changing outlooks on prospects for the economy.

The US consumer price index probably climbed to 8.8% in June on an annual basis, from a 40-year high of 8.6% the previous month, according to a Bloomberg survey.

The government-sponsored enterprises divested themselves of the largest share of these loans since they first began selling them in 2014, a Federal Housing Finance Agency report found.

AESOP 2022-3 will be able to add more Tesla EVs to its fleet over time, but uncertainty about the vehicles’ resale value was a potential credit negative.

Global bonds climbed for a second day. Federal Reserve interest-rate hikes are seen raising the risk of recession, reviving the appeal of fixed-income securities.

Agricultural equipment accounts for more than half of the collateral pool, but accounts for the lowest concentration on the platform to date.

The world’s largest asset manager retains its long-term bullish view on equities, but has gone underweight developed-market stocks in the near term as the risk of stalling growth rises.

The 18.5% increase in Fannie Mae's and Freddie Mac's purchase authority was the driver of a 41% decrease in higher balance originations between December and January.

The collateral backing the notes are fixed-rate timeshare loans originated by Wyndham Vacation Resorts and Wyndham Resort Development Corp.

The collateral pool consists of new and used vehicles manufactured by Hyundai Motor and Kia Corp., 9% of which are electric and hybrid vehicles.

Three weeks before the American Dream super-mall is due to pay debt backed by New Jersey economic development grants, the state hasn’t approved a key document needed to release the cash, raising the risk bondholders won’t get their money.

The former lender’s abrupt closure Wednesday and First Guaranty’s recent bankruptcy filing highlight difficulties in the current mortgage environment despite nonbanks being on stronger financial footing than their counterparts of 14 and 24 years ago.

The transaction will be backed by commercial leases and loans primarily supported by Dell Technologies and Dell EMC branded equipment.

The securitization has a reserve account of 1% of the initial series note balance funded fully at closing.

The transaction sponsored by Hospitality Investors Trust has a strong credit profile because of the diverse properties, well-known hotel brands and strong management involved, analysts say.

The Class A note coupon initially will be linked to the USD Compounded Secured Overnight Financing Rate Index, a relatively new interest rate index. Royal Bank of Canada is the seller, servicer and administrative agent.

Amid reduced M&A activity, U.S. middle-market borrowers and investors in asset-backed securities are trying to reset and figure out where the right valuations levels are, says Sengal Selassie, CEO of Brightwood Capital Advisors, a lender and issuer of CLOs.

The transaction features two potential securitizations of collateral pools valued at approximately $1.11 billion and $1.32 billion, with bonds totaling $1.01 billion and $1.20 billion.