Former Morgan Stanley ABS pro Carolyn Morrill has started in her position as head of ABS syndicate at ABN AMRO, where she will be a managing director. Morrill, a longtime veteran of ABS syndicate and trading, is the first piece in what is expected to be a fairly large ramp up for its U.S. ABS group (as well as the Capital Markets group as a whole), following the defection of former ABS group head John Mullen, who resigned in early May. Morrill left her position at Morgan Stanley last fall.
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WFLOOR 2025-1's annualized monthly yield, which averaged 20% since 2018, has been consistently higher than most other dealer floorplan trusts that Moody's rates.
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Most of the pool of 1,011 residential mortgages, 69.7%, are considered non-prime mortgages, primarily due to the documentation and styles of underwriting.
November 3 -
The buy now/pay later firm, which reports earnings Thursday, has inked deals with Worldpay to expand potential borrowers and with New York Life to obtain more capital for future lending.
November 3 -
The partnership marks the first time that Canadian wealth managers and their accredited retail investor clients can access BlackRock's private credit fund, which includes securitized assets.
November 3 - ab regulation lead
A bottleneck at the Small Business Administration in clearing federal small business loans because of the ongoing federal government shutdown is becoming an increasingly urgent issue for small and even some midsized banks.
November 3 -
HINNT's sellers can repurchase defaulted loans, which increases the transaction's recovery rate, and enhances the credit to the notes.
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