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High interest rates and constrained inventory will take its toll on originations and securitization activity in 2024, the rating agency commented.
October 31 -
The market appears strongly divided, as commercial real estate presents investors with stark choices and big risk-management decisions, often differing by region and by sub-sector.
October 30 -
Home equity investment (HEI) agreements homeowners receive upfront cash payments in exchange for giving an investor a stake in the property and the right to collect returns.
October 25 -
Esoteric transactions' premiums and longer durations are especially attractive, as other consumer assets are put to the test.
October 25 -
DBRS says 98.2% of the loans have been performing since origination, while just 1.8% of the pool is 30 to 59 days delinquent in payments.
October 24 -
The deal has a 35% cap of potential substitution and repurchase ratio, which is considered high. This runs the risk of a court recharacterizing the loan sales to depositors as a form of financing.
October 10 -
One loan is secured by 1,376 single-family rental properties. It's a potential credit strength, because the trust could benefit from lower cash volatility.
September 6 -
Loan modifications and active forbearances were higher among bank servicers, but lower among non-bank providers, while bankruptcy caseloads dropped for both.
August 25 -
Closed-end second lien mortgages make up the collateral for the security offering.
July 20 -
The pool contains 59% non-qualifying mortgages and 41% investment properties.
July 20