ABS

Labor and supply-chain issues, coupled with rising inflation and higher interest rates, but not the omicron surge, are shaping a slightly more negative view.

Office buildings are increasingly going delinquent on their mortgages, and yet bond buyers can’t seem to get enough of the properties.

The SEC claims Morningstar put investors at a risk when rating $30 billion in CMBS deals from 2015-2016. Morningstar defends its integrity and independence.

Sodaski, who previously worked at Credit Suisse for more than 20 years, will lead MUFG’s investment-grade sales strategy across the U.S.

Initial overcollateralization is 15%, with a build up to a target equal to the minimum of 21.5% of the current pool balance, and 16.5% of the initial pool balance.

U.S. Treasuries gained, bouncing back from an initial wave of selling after consumer-price inflation accelerated at the fastest annual pace in four decades in December.

LPPT 2022-ST1 has a gross excess spread, of about 18.2%, based on an average contract rate of 21.7%, minus 1% servicing fee, and an assumed WA coupon of 2.5%.

Commercial mortgage bond sales are heating up again, signaling another strong year ahead after issuance of the securities hit a post-crisis record in 2021.

Potters, who has headed CMBS businesses at SocGen and Merrill Lynch, will focus on digital and automated commercial real estate loan securitizations.

The main risk to the repayment of notes is that Hertz will not be able to recoup enough funds, through used vehicle sales, to fund the payments to bondholders.