| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 153,956.5 | 206,271.6 | 225,812.0 |
| ABS (Public + 144A excluding CDOs) | 131,561.4 | 149,430.6 | 155,550.2 |
| ABS (Public Only) | 58,921.1 | 82,048.6 | 95,135.4 |
| ABS (144A Only) | 95,035.5 | 124,223.0 | 130,676.6 |
| Non-Agency MBS | 66,266.0 | 93,678.4 | 80,872.2 |
| Agency MBS | 178,062.2 | 162,899.6 | 153,184.0 |
| CMBS | 77,218.4 | 75,017.6 | 63,909.4 |
| Source: Thomson Reuters | |||
The 90-day-plus delinquency rate on student loans hit 10.3% in the first quarter, and New York Fed researchers warn that a second wave of defaults could be coming. Evidence is mixed regarding the likely impact on other consumer-lending segments.
If principal and interest DSCR falls below 1.75x, then 50% of all excess cash flows will be deposited into the deal's cash trap reserve account.
The Mortgage Bankers Association's Mortgage Credit Availability Index declined 0.4% to 107.9 in April after reaching a three-year high in March.
The underlying asset pool is heavily concentrated in narrowbody aircraft models, mostly A320-200s, with large, in-service fleets and broad operator bases.
Despite the quality of the pool's underlying loans, the pool has a large proportion of investment properties, 76.7%, which are susceptible to higher default probabilities.
Two other nonbank mortgage firms also recently got in position to raise capital while NVR, a builder and lender, added new authorization for share repurchases.
