Best of ABS East 2017
September 21, 2017 10:40 PM
The deal is the seventh prime jumbo issuance from Chase Home Lending Mortgage Trust in 2025.
The portfolio has high credit quality loans and geographic concentration.
New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
Moody's Ratings has assigned AAA to the Class A notes, which account for 87.3% of the transaction.
The transactions represent Hertz's 16th and 17th term ABS transactions from the Hertz Vehicle Financing platform.
The proceeds will finance the portfolio, which trades in the primary and secondary loan markets.