The SASB refinances a $900 million whole loan securitized through LBTY 2016-225L, for renovations and modernizations.
Borrowers in the lowest-income areas have seen their 90 or more day delinquency rates soar since 2021, jumping from 0.5% to nearly 3%, the New York Fed said.
Delinquencies on credit-card debt mostly held steady at the end of last year, but certain groups of consumers are faring better than others.
Investors expect economic growth to start accelerating this month and continue through April, as consumers benefit from tax cuts.
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
Total initial credit enhancement increased to 11.40% for the class D notes, from 11.25%. It also decreased for classes B, C and E, and levels on the class A notes stayed the same.
