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At issue are CFPB claims that the National Collegiate Student Loan Trust (NCSLTs) had engaged in deceptive student loan debt collection and unfair litigation practices.
February 25
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BlackRock Inc., Capital Group Companies and Legal & General Group Plc are the top holders of Russia’s dollar bonds, which lost almost half their value this week.
February 25
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This is the third publicly rated, non-agency securitization to price in more than a decade. The collateral is FHA seasoned, non-performing and re-performing.
February 24
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“This puts the performance of inflation solidly back into the limelight” with the “risk that higher prices with the backdrop of heightened geopolitical uncertainty will ultimately be stagflationary.”
February 24
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Athas Capital Group originated the mortgages, which have an average balance of $408,350, and an average weighted average (WA) original term of 362 months.
February 23
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The repricing comes as Federal Reserve Governor Michelle Bowman suggested a hike of that magnitude could be on the table if inflation readings come in too high.
February 23
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NMEF 2022-A, benefits from some improved credit characteristics. Personal guarantors have a weighted average (WA) FICO score of 719, up from 712, compared with 2021-A.
February 22
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This deal appears to be the first since the Netherlands-headquartered multinational acquired First Investors in an all-cash transaction finalized last November.
February 22
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Treasuries led losses in global bond markets as inflation concerns, stoked by soaring oil prices, overshadowed any haven bids on the back of Russia-related tensions.
February 22
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CDFI-originated loans are not required to comply with the Ability to Repay (ATR) rules, but the mortgages included were generally made to creditworthy borrowers.
February 18
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JPMorgan Asset Management’s Kelsey Berro says credit markets are prepped for higher rates and she sees value in several sectors.
February 18
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Eight middle market CLOs were under critical observation; 97% of them were upgraded and 3% were affirmed, and 14 notes under investment-grade were upgraded.
February 18
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About 58.1% of the loans are in California, while two California cities -- Los Angeles and San Diego -- make up the pool’s largest MSA concentrations.
February 17
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The best-performing countries on human and labor rights have significantly lower bond market spreads compared to the worst, even when taking into account factors such as level of income.
February 17 -
The Fed is getting a late start as it is, say observers. Its poky pace of target rate action is setting up the markets for a rush beginning in March.
February 16
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By the time the latest Vertical Bridge deal, Series 2022-1, closes, the issued notes will be the only ones outstanding from the VB-S1 program.
February 16
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The Federal Reserve in Washington remains mostly in a remote posture, and at the Office of the Comptroller of the Currency, no final decision has been made.
February 16
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SCF 2022-1’s reserve account is funded at 1.0% of the initial aggregate discount balance (ADB), which is not amortizing.
February 15
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Portfolio managers are trying to get a handle on the recent swings that have left virtually no corner of the market untouched.
February 15
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Monday’s rebound in yields also kicked in a resumption of curve flattening with the gap between 2- and 10-year yield falling almost 4 basis points to about 40.5 basis points.
February 14
