| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 167,072.6 | 214,047.3 | 236,548.4 |
| ABS (Public + 144A excluding CDOs) | 143,943.5 | 155,018.7 | 165,358.3 |
| ABS (Public Only) | 68,150.3 | 84,934.0 | 100,698.2 |
| ABS (144A Only) | 98,922.3 | 129,113.3 | 135,850.2 |
| Non-Agency MBS | 68,829.0 | 98,740.5 | 85,996.8 |
| Agency MBS | 179,450.5 | 163,364.2 | 153,648.2 |
| CMBS | 78,907.0 | 78,781.1 | 66,521.0 |
| Source: Thomson Reuters | |||
Kapitus funds receivables through two revolving securitizations totaling $575 million, and a $230.1 million warehouse line of credit from Truist, which matures in June 2027.
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
PRET 2026-RPL2 uses a sequential repayment structure, although the notes will not advance any principal and interest from delinquent loans.
An adverse, if unlikely, decision about a novel defense of lenders participating in liability management exercises could upend the leveraged loan market.
American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.
Borrowers in the pool had a non-zero weighted average credit score of 608, with a 112.12% loan-to-value (LTV) ratio.
