In the edition dated 11/20/00, we carried the story "Hitachi Shinpan Brings Auto Deal to Market," a deal lead managed by ING Barings. In fact the deal was backed by consumer loans. Additionally, the value of the pool is 14.85 billion, not 140 billion, and most of the loans were originated to third party consumers, not company employees.
New-home loan activity rose 1% in August year over year, but applications fell 6% from July.
In Zayo Issuer's payment structure, senior fees are paid first and then interest is paid monthly on all remaining outstanding classes of notes.
As President Trump calls for scrapping quarterly earnings reports and switching to a six-month schedule, industry observers wonder whether the time saved would be worth the potential loss of transparency.
TLOT 2025-B has a couple of other credit strengths, including Toyota's experience as a sponsor and servicer, and the underlying loans' strong quality.
The A1A notes benefit from credit enhancement levels that equal 30% of the note balance in that tranche.
The deal must own at least eight assets, otherwise it will begin to use any excess cash to fully pay down the notes.
