| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 38,844.0 | 36,583.0 | 63,287.6 |
| ABS (Public + 144A excluding CDOs) | 38,844.0 | 32,081.4 | 47,632.6 |
| ABS (Public Only) | 18,081.8 | 17,044.2 | 29,203.1 |
| ABS (144A Only) | 20,762.2 | 19,538.8 | 34,084.5 |
| Non-Agency MBS | 11,664.3 | 14,063.0 | 29,423.8 |
| Agency MBS | 46,135.5 | 44,730.0 | 29,678.9 |
| CMBS | 21,630.6 | 21,378.6 | 23,351.2 |
| Source: Thomson Reuters | |||
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As the industry grapples with those questions, KBRA went ahead with ratings downgrades.
The non-prime collateral pool starts out with 56,336 contracts, and an average balance of $26,041, which could be upsized to 71,695 contracts, with an average balance of $26,034.
Federal Reserve Governor Stephan Miran floated the idea of conducting monetary policy with an eye toward the neutral rate and suggested that the president's immigration and fiscal policies will exert downward pressure on inflation.
Coupons range from 4.17% on the A1 notes, rated P1/A1+ by Moody's and Fitch Ratings, respectively, to 5.38% on the class N notes, which S&P rates BB.
The average return on investment for flipped homes was 25.1% in the second quarter this year, the lowest point since the second quarter of 2008.
The U.S. Department of Justice declined prosecution after BofA Securities self-reported the violations and fixed major compliance gaps.
