Citigroup
Citigroup
Citigroup is a global financial services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the global consumer banking segment and the institutional clients group.
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The transaction's pool of 365 fixed-rate mortgages, all first lien, breaks down to mostly non-agency loans (61.4%). The rest, 38.6%, are agency eligible.
May 30 -
Citigroup Inc. is structuring the so-called collateralized fund obligation, which will include both debt and equity portions.
May 30 -
The US 10-year term premium — or the extra return investors demand to own longer-term debt instead of a series of shorter ones — has climbed to near 1%, a level last seen in 2014.
May 23 -
The deal has a prefunding period through July, when more non-prime collateral can be purchased and added to the pool.
May 21 -
SLAM has debt service coverage ratio (DSCR) triggers and a utilization test in the structure to help maintain cashflow and support credit in the notes.
May 14 -
Indexed to the one-month, I-Curve, yields are expected to range from 4.60% on the A1+ rated, A1 notes to 6.22% on the BBB-rated, class D notes.
May 2 -
The selling comes after overseas investors made record purchases of US corporate debt in 2024. Official data shows the demand slowing in February.
May 1 -
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.
April 30 -
As servicer, Rocket Mortgage will not provide advances of delinquent principal and interest. Doing so runs the chance of intermittent cashflows to the trust.
April 17 -
The underlying prime mortgages have an average balance of $358,024, a weighted average (WA) original FICO score of 776, an original cumulative loan-to-value (LTV) ratio of 73.6%.
April 3