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Credit enhancement to the class A notes includes a non-declining overcollateralization of 4.75% of the initial adjusted pool balance, and a non-declining reserve fund of 0.25% of the initial adjusted pool balance.
September 20 -
Backed by revenue from point-of-sale unsecured consumer loans, the upsized deal also features expandable notes.
September 19 -
Yields on longer-dated debt are so high that even if the Fed continues hiking for longer investors still feel they'll be compensated.
September 15 -
MFA has a step-up coupon for the senior classes, where after four years they pay the lesser of a 100 basis-point increase to the fixed coupon, or the net WA coupon rate.
August 31 -
Par subordination on the 'AAA'-rated notes was 39.95%, while par subordination on the 'BBB' notes are expected to be 14.36%.
August 29 -
While the collateral pool consists of a mix of fixed- and adjustable-rate mortgages, CHNGE Mortgage 2023-4's notes are priced to the three-month interpolated curve.
August 24 -
The A-1, A-2 and A-3 notes will benefit from credit enhancement levels of 38.6%, 30.1% and 19.3%, respectively. The mezzanine class benefits from 13.3%.
August 22 -
The company is looking to take advantage of Credit Suisse's step back from other areas across markets too. Within securitized products the firm has been looking to expand into new products that trade in secondary markets.
March 30 -
Neighborly Co., a franchisor of 24 home repair and maintenance service brands, is pledging franchise-fee, royalty and other related revenues from its mostly recession-proof business lines.
February 17 -
Barclays Commercial Mortgage Securities Mortgage Trust 2020-C7 is backed by a pool of 49 fixed-rate loans collateralized by 153 commercial properties – of which 17 loans are tied to multifamily/manufactured housing properties representing 35.4% of the pool balance.
June 9