Finance

Among changes from the PAID 2025-8 transaction, the current deal has a 24-month revolving period when eligible collateral can be purchased.

Fannie Mae sees growth in refinance activity pushing volumes upward, but flattening purchases will temper lender momentum, according to its December report.

A rise in issuance of nonqualified mortgages and seconds is in the forecast but home prices, credit and the GSEs may impact private-label bonds' trajectory.

Janus brought several innovations to the asset management market, including the asset-backed securities ETF (JABS) and the fixed-rate CLO ETF (JAAA).

FAT Brands warned in late November that it could be forced to file bankruptcy after creditors demanded full repayment on its roughly $1.2 billion of whole-business securitization debt.

Principal will be distributed pro rata among the senior A1 through A3 certificates, and subordinate bonds will not receive any principal until all senior classes are reduced to zero.

As climate-fueled urban fires become a more regular occurrence, insurers and utilities are increasingly looking for ways to offload their risk to capital markets.

Monthly excess spread will confer credit enhancement to the notes, KBRA said, and while it will be released it will not be available as credit enhancement in future payment periods.

The option for holders of older government-sponsored enterprise bonds that predated the move to uniform mortgage-backed securities now has a deadline.

CLIF Holdings' capital structure includes overcollateralization and a liquidity account of $1 million.

Discrepancies were ultimately flagged not by regulators or auditors, but by a junior analyst at Waterfall Asset Management, one of Tricolor's lenders

PMT 2025-CNF2 is not required to provide advances of schedule interest and principal on loans that are delinquent by 120 days or more.

The indictment accuses Daniel Chu and other executives who had worked at Tricolor of operating the company through "systemic fraud."

The acquisition forms the eighth largest mortgage servicer nationwide, with a combined $400 billion in mortgage servicing rights.

For the trailing 12-month period that ended in October 2025, La Quinta Resort had an occupancy of 59.2%, and a revenue per available room $230.83.

Michael Hutchins, the two-time interim chief executive at the government-sponsored enterprise, will remain with the company in his role as president.

The investment bank, which focuses on community banks across the US, launched a new unit, PTUK Limited, last week, according to Eric Brown, president of Performance Trust's institutional group.

The senior notes will build hard credit enhancement levels over time because classes B through G will be locked out of principal payments for eight months.

The government-backed housing-finance giants increased their retained portfolios by more than 25% in the five months through October, according to the latest figures.

The deal includes debt service coverage ratio (DSCR) triggers, where a cash trap event will occur on any payment date if the DSCR falls below 1.15x.