sFitch Ratings has downgraded 11 classes of real estate ABS serviced, partially or entirely, by
For the full release and list of downgraded classes, click:
sFitch Ratings has downgraded 11 classes of real estate ABS serviced, partially or entirely, by
For the full release and list of downgraded classes, click:
The proceeds will finance the portfolio, which trades in the primary and secondary loan markets.
The CLO will include a $500 million portfolio of first-lien senior secured leveraged loans.
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
Last October's structural reorganization prepped the firm for this year's volatility.
The RMBS notes benefit from geographic diversity and credit enhancement.
The RMBS transaction is backed by first-lien, fixed- and adjustable-rate, fully amortizing residential mortgage loans, some with interest-only periods, to prime and non-prime borrowers.