ABS

The Loan Syndications and Trading Association alerts market participants to the challenges of term-SOFR transition before year-end.

World Omni Financial Corp. is returning to the auto-loan ABS market with a jumbo transaction backed by collateral of higher credit quality than other similar deals.

Low pool concentrations of loans on properties located in Ida's path, plus robust property insurance are expected to rein in impacts and insulate noteholders.

From the interest rates on the underlying vehicle leases to the benchmark and hedges on the notes issued from the trust, the deal has no Libor exposure.

Known as MOHELA 2021-3, the trust will issue a mix of fixed- and floating-rate notes from a capital structure with three tranches, or note classes.

Oil’s entire chain of providers, from explorers in the U.S. Gulf of Mexico to refineries along the coast, are now three days into assessing operations after the passage of Hurricane Ida.

A majority of the deal was underwritten to a less-than-full documentation standard, but meets ATR standards. Almost half of the loans are on California homes.

Charles Schwab’s Kathy Jones believes yields should be higher to better reflect the growth seen in the U.S. economy, and increasing calls for the Federal Reserve to taper swiftly will only keep yields low for longer.

High CLO volume stems partly from transactions whose refis or resets anticipated last year were deferred when spreads widened considerably amid the pandemic.

The key benchmark that the Federal Reserve targets to control monetary policy dropped for the second time in two weeks, an indication that the glut of cash in the front-end is starting to spill into this corner of the funding markets.

All but 501 of the loans in the pool were assessed following the new general QM rule. Otherwise, the pool is largely comprised of jumbo, prime loans.

Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though it won’t be in a hurry to begin raising interest rates thereafter.

The underlying loans in the collateral pool is nearly sterling in quality, with full-documentation underwriting, and WA loan seasoning of 30-plus months.

Blockbuster stock market gains allow U.S. public pensions to lower their assumed investment return and the chance that taxpayers have to make up any shortfalls.

The deal appears to take advantage of a shift in federal rules reducing the level of non-owner-occupied loans Fannie Mae and Freddie Mac can purchase.

Hailing from Canada, the upcoming credit card deal will draw from a pool with very low rates of delinquency, total net losses and charge offs.

Investors wanting to hedge risks arising from potential Federal Reserve policy changes should consider credit markets instead of equities.

Blackstone Inc. is broadening its bet on U.S. student housing, forming a $784 million joint venture with Landmark Properties.

The collateral mortgage were underwritten through the CFPB's ATR rules, and captures self-employed, prime and super prime borrowers, and even foreign nationals.

Less than two years after its much-delayed opening, the complex known as American Dream is threatening to dash the lofty ambitions of yet another developer.