-
The current deal is a follow-up from a master trust that floated $1.2 billion in notes last September, and will repay the notes sequentially.
March 23 -
For this securitization the 85.7% portion of standard amortizing loans does include a sliver of (SAC) loans, or 4.7%, that are past their promotional periods and 14.3%, that are within.
March 22 -
This Mosaic deal is the first to include PowerSwitch ZERO loans, which defer principal and interest for the loan term's first 12 or 18 months. They account for less than 2% of the pool.
March 21 -
Bank underwriters across the U.S. and Europe are pulling sales and pausing future ones amid tepid demand. Barclays Plc recently shelved a pair of loans for Ineos Enterprises and Russell Investments, while JPMorgan Chase & Co. yanked a deal for Agiliti Health.
March 21 -
The deal's total leverage is 11.25%, subordination is 13.14%, it has a WA cost of debt of 2.35%, and a WA spread of 3.49%, excluding floors.
March 20 -
SVB, First Republic and PacWest play a variety of roles in several RMBS, but structural protections are walling off the deals from current tremors in the banking sector.
March 20 -
As it turns out, the plan was designed to buy time for the financial regulator Finma and the Swiss National Bank to secure a sale — not for Credit Suisse to rescue itself.
March 20 -
The volatile securitization market fueled the structured-loan provider's record business last year.
March 18 -
Unlike many non-prime RMBS transactions, BSI Financial Services, the servicer, is not required to make any principal and interest (P&I) payments on any mortgage loans that it services.
March 17 -
Market pricing for the Fed's March 21-22 meeting has lurched between another quarter-point hike, and the first rate pause in more than a year.
March 17