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Traders are now betting that may be enough for the Federal Reserve to start cutting interest rates as soon as September.
June 24 -
The move allows Freddie Mac to start purchasing certain second lien mortgages, but establishes limits on how much volume it can do.
June 21 -
Slated to close on June 28 with a Dec. 15, 2053 legal final maturity, the notes get credit enhancement from overcollateralization, a liquidity reserve account and excess cash flow.
June 21 -
Notes are expected to experience a lifetime cumulative net losses of 5.10% on the higher FICO segments, down 0.35% from the series 2024-1 transaction.
June 21 -
The previous TALNT transactions, while still revolving, are still performing within the rating agency's expectation and net loses have remained below overcollateralization step-up trigger levels.
June 20 -
In early June, Carlyle priced a more than $400 million deal — the investment firm's first debt sale from its historically active aviation platform since June 2022. Carlyle's return bodes well for aviation companies.
June 20 -
The anticipated losses follow a hit to investors in a U.S. CMBS last month. Buyers of the AAA portion of a note backed by the mortgage on a building in midtown Manhattan got less than three-quarters of their original investment back after the loan was sold at a steep discount.
June 19 -
One of the subordinate tranches, the BX is exchangeable, while credit enhancement levels on the notes range from 35.70% on the A1 notes to 3.5% on the B3 tranche.
June 18 -
KKR is buying CCC loans as they are "purged" from fund managers with less risk appetite. Since so much demand has been sucked out of the market, Sheldon and Reback said they believe some parts of the CCC markets are "oversold."
June 17 -
The assets have a weighted average (WA) FICO score of 801, including a minimum FICO of 660. Also on a WA basis, they have an original term of 74 months and a loan-to-value ratio of 86.8%.
June 17