Vintage Filings launched its new ABS Filings on Demand product, aimed at issuers seeking to alleviate the burden placed on them by the Securities & Exchange Commission's Regulation AB, which goes into effect Jan. 1. With its new service, Vintage will electronically file term sheets, computational materials, and collateral term sheets registered with the new Form S-3, according to the company. "With the new SEC regulations set to go into effect at the beginning of the year, we decided to offer our customers what they have come to expect, a cutting edge filings product that achieves their SEC compliance needs, while allowing them to focus on their core business, said Vintage CEO Shai Stern.
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Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
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The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23