Finance

Conforming single-family homes, 65.3%, comprise most of the portfolio, and none of the borrowers in the portfolio had availed themselves of COVID-19 related forbearance.

The transaction is also the first securitization for ACREC. The entity is also taking on multiple roles, acting as sponsor, issuer and collateral manager.

Office imaging equipment and other business-related loan and lease contracts collateralize the highly diversified pool of obligors.

Despite the increase, adjustments to single-family loan terms aimed at making payments more affordable remain historically low at the government-sponsored enterprises. But they could grow in line with forbearance expirations soon.

The bonds are federally taxable but exempt from California income taxes. Jefferies and Citigroup act as joint senior managers.

The July 21‘Risk Alert’ brings practices most common to hedge fund managers under scrutiny, but CLO managers who replicate those practices should also take heed.

To help determine certain forms of credit enhancement and loss triggers, LendingPoint 2021-B is tightening its definition of what a charged-off account is.

UBS Group AG’s exposure to stricken property developer China Evergrande Group is “immaterial” and limited to the execution of collateral calls on margin loans, Chief Executive Officer Ralph Hamers said Thursday.

AQFIT increases the program’s exposure to marine/RV loans to about one-fourth of the total collateral pool, and mitigates several factors related to the sponsor’s business practices.

Holdings Plc Chief Executive Officer Noel Quinn said the crisis enveloping China Evergrande Group was a worry for financial markets -- though he’s not concerned about the bank’s own exposure to Chinese real estate.

A high representation of working professional degree holders among borrowers, most notably, medical doctors, boosts confidence in the underlying collateral.

House Democrats set up a Tuesday vote on a bill that would suspend the U.S. debt ceiling until after the 2022 congressional elections and temporarily fund the government to avert a shutdown after the end of this month.

In a move becoming more commonplace for CRE CLOs, the collateral manager can direct modifications that are not subject to servicing standards in deal documents.

The company will return to selling pieces of its credit exposure to private investors during the last three months of the year, but is still evaluating its strategy for 2022.

Eight blue-chip companies that had planned to sell bonds decided to stand down, underwriters said. Worries about Evergrande pulled down equities around the world.

The trust excludes loans from about six states with active legislation addressing the exporting of usury rates to out-of-state borrowers.

Sequoia Mortgage Trust is among the first to include a distributed ledger agent in its reporting processes.

The car maker is refinancing three revolving credit facilities using the Secured Overnight Financing Rate, and embedding climate-change goals into the deals.

While the loss coverage is subsequently lower for the notes, totaling $194.2 million, it is expected to be sufficient to cover required rating multiples.

The threat of crippling price increases accompanied by slow growth challenges the belief keeping global markets aloft: that price pressures are temporary along a Goldilocks-like growth trajectory.