Scorecards

While breaking little new ground the ruling dampens the likelihood of more aggressive liability management exercises (LMEs)

The latest investor statements show the persistence of a trend in which one vintage has a higher rate of distress than others, Morningstar DBRS finds.

The deal structure includes a lock-out feature that will redirect the portion of the subordinate principal among other protective features like subordination.

The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.

FHF Issuer Trust 2026-2's final distribution dates range from Sept. 15, 2027 on the class A1 notes through Jan. 16, 2034 on the class F notes.

The class A notes include first cash flow and last cash flow tranches, both of which benefit from 28.31% in credit enhancement.