Finance

The inaugural sub-prime auto loan ABS is primarily backed by used car and light-truck/sports utility vehicle loans.

The 45% charge provides an interim step toward a longer-term risk-based capital schema for insurers.

The securitization from the Boston-based fintech was "significantly oversubscribed," according to the company.

Fitch Ratings views home price values in the non-prime mortgage pool as being 11.1% above a long-term sustainable level.

The trust's sixth issue of the year is backed by higher-income borrowers.

The collateral is a single loan secured by first-priority mortgages in a pool of 2,070 single-family homes.

Stubborn inflation is expected to work its way down, but combined with higher-for-longer interest rates, consumers are feeling the effects differently across the credit spectrum.

The deal benefits from excess spread, overcollateralization, and senior/subordinate enhancements.

KBRA says there is notable borrower equity in the properties collateralizing the mortgages, which is reflected in the weighted average original loan-to-value ratio of 71.7%.

The booming loan and CLO markets could face hurdles unless merger & acquisition activity picks up.