-
The subordinate classes will always pay principal sequentially, but their repayments start after all the senior classes have been retired.
September 10 -
The 2025A bonds will have parity with all senior bonds that have been previously issued, and any senior bonds issued in future deals.
September 10 -
Falling interest rates led to a rush in refinancing, but slowing purchase activity brought a decline in overall lock volumes, according to Optimal Blue.
September 10 -
A federal district court judge granted an injunction allowing Federal Reserve Gov. Lisa Cook to remain on the central bank's board pending the outcome of her legal challenge to President Donald Trump's move to fire her late last month.
September 10 -
Credit enhancement could increase for the most senior outstanding classes of notes, however, as the notes repay investors sequentially over time.
September 9 -
Almost all the notes are fixed rate, except for the A2-B tranche which pay a coupon based on the one-month Secured Overnight Financing Rae (SOFR).
September 9
April 17, 2016, 9:02 p.m. EDT 1 Min Read
For reprint and licensing requests for this article, click here .