| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 203,213.9 | 258,771.7 | 296,409.7 |
| ABS (Public + 144A excluding CDOs) | 179,495.1 | 187,958.8 | 206,258.2 |
| ABS (Public Only) | 78,416.3 | 99,243.7 | 123,071.9 |
| ABS (144A Only) | 124,797.6 | 159,528.0 | 173,337.8 |
| Non-Agency MBS | 75,401.1 | 124,145.8 | 114,649.4 |
| Agency MBS | 244,162.2 | 205,454.8 | 198,226.1 |
| CMBS | 103,950.6 | 96,758.0 | 87,310.4 |
| 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.
