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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The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
June 18 -
The A1A through A1-LCF tranches are expected to offer coupons of 5.84%, while mezzanine and subordinate coupons include 6.58% and 6.64%.
June 18 -
A potential end to the Iran War could lead to economic recovery, suggesting sub-6% rates may be far off as monetary policy discussions take a hawkish tone.
June 18 -
The decline in non-owner occupied acquisitions came as sales fell overall due to high mortgage rates and bad winter weather in the Northeast, BatchData said.
June 17 -
All the loans are interest-only during both their initial and extension terms, but third-party secured overnight financing rate (SOFR) cap agreements provide interest rate protection.
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