| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 171,959.1 | 215,593.5 | 250,126.4 |
| ABS (Public + 144A excluding CDOs) | 148,240.3 | 158,012.6 | 174,964.4 |
| ABS (Public Only) | 68,218.3 | 85,012.6 | 103,997.8 |
| ABS (144A Only) | 103,740.8 | 133,603.4 | 146,128.6 |
| Non-Agency MBS | 60,369.6 | 103,104.5 | 96,202.6 |
| Agency MBS | 220,749.2 | 179,149.7 | 174,513.0 |
| CMBS | 86,280.0 | 80,908.7 | 74,026.8 |
| 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.
