Dominion Bond Rating Service has appointed Jerry Marriott as a senior vice president in its Toronto-based Canadian structured finance group. Marriott, who will be reporting to Assistant Group Managing Director Huston Loke, joins DBRS from BMO Nesbitt Burns' securitization and structured finance group, where he worked on a variety of ABCP and ABS deals and asset classes, including credit card receivables, rental car fleets, and floorplan financing. Before joining the securitization and structured finance group, Marriot spent a number of years in the corporate banking and Treasury functions at Bank of Montreal. Marriott received his MBA from the University of Western Ontario and his LLB from Dalhousie University.
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New-home loan activity rose 1% in August year over year, but applications fell 6% from July.
September 16 -
In Zayo Issuer's payment structure, senior fees are paid first and then interest is paid monthly on all remaining outstanding classes of notes.
September 16 -
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.
September 16 -
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.
September 15 -
The A1A notes benefit from credit enhancement levels that equal 30% of the note balance in that tranche.
September 12 -
The deal must own at least eight assets, otherwise it will begin to use any excess cash to fully pay down the notes.
September 12