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The deal also includes a 120-day stop advance provision, which prevents it from forwarding any interest and principal on loans that are past 120 days delinquent.
9h ago -
Higher energy and commodity prices are intensifying headline inflation, which means inflation is headed is not headed in the right direction.
May 22 -
Securitization market participants advocate for more inclusive structured credit indices to overcome the limitations of legacy benchmarks.
May 21 -
The transaction's debt service coverage ratio (DSCR) was calculated from a three-month lookback window of cash flows, shorter than the ABS transactions pre-COVID 19.
May 21 -
Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They're now returning to the sector, and the renewed competition is prompting a pricing war.
May 21 -
Lenders at the MBA conference say non-agency is more than just non-QM — and those still treating it as a niche product are falling behind as it becomes a core part of the business.
May 21
Published July 10, 2015, 1:17 p.m. EDT
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Updated July 13, 2015, 1:19 p.m. EDT
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