Finance

The deal will test the resilience of structure’s credit mitigation measures, considering Hertz's dependence on air travel and pending emergence from Chapter 11.

The U.S. Supreme Court gave Goldman Sachs Group Inc. a new chance to stop a lawsuit accusing it of misleading shareholders by masking conflicts of interest in MBS it sold.

So far companies plan on using roughly the same number of employees as they shift from handling payment suspensions to assessing borrowers who have seen long-term declines in their incomes.

Experts expect only a small uptick in distressed mortgages, either through default or inability to refinance, which will create some opportunity for debt buyers

Auto and credit card securitizations benefited from more rational consumer behavior, whole CLO issuance remained strong for both new issuance and refinancing deals.

About 18.5% of borrowers in the mortgage pool were self-employed, a slightly lower level than the combined percentages for 2020 and 2021 deals.

Daimler AG’s subsidiary Mercendes-Benz Financial Services USA originated the closed-end vehicle leases.

Two lodging property loans in Alabama and South Carolina were taken out prior to COVID-19, and the loan on the Alabama property had been granted forbearance.

More than 97% of venture backing goes go white-owned startups. Firms like Mendoza Ventures, Chingona Ventures and MaC Venture Capital are stepping in to support underserved entrepreneurs.

A portfolio of mixed-quality mortgage loans secures the deal, some of which adhere to ATR underwriting mandates from the CFPB.

ACC Trust 2021-1 is the issuer’s fifth transaction, and is backed by subprime auto leases extended directly to borrowers through its 68 owned dealerships

There’s a new unicorn in Latin America: Clip, a payments fintech in Mexico targeting small and midsize companies.

Progressive floats notes collateralized by single-family rentals, while GS Mortgage-Backed Securities Trust is secured by prime-jumbo and agency conforming loans.

When the Federal Reserve starts scaling back its massive bond-buying spree, mortgage traders are betting their market will be at the forefront.

More than two-thirds surveyed said they expect to make less money over the next three months as price reductions ramp up along with a market shift to purchases.

The current deal is the eighth retail auto lease securitization from the registered lease securitization platform, which was established in 2013.

The $1 billion mortgage securitization is smaller than several recent deals, and features modified mortgages. But subordination supports senior notes.

The $319 million transaction has significant exposure to Puerto Rico, with outstanding issues, but benefits from solid enhancements.

The transaction, FSMT 2021-4, is one of the trust’s largest deals in the last several years. Half of the mortgages are on properties located in California.

The USQ Rail II Series 2021-3 is a master trust that will have two issuing entities, one registered for the U.S. and another for Canada.