ABS

The asset manager is raising $372 million, and managing a portfolio with higher than average rates of turnover and overlap in collateral composition.

Debt markets are increasingly sorting US leveraged loans into two categories: money good, and distressed.

The largest U.S. bank also includes iron ore and steel companies in latest plan to meet emissions-reduction goals.

Though EFMT is considered non-prime, its mortgage borrowers have a WA original credit score of 737; an LTV of 71.0%; and a debt to income ratio of 33.1%.

Arrangers and analysts aren't predicting a return to the exponential growth of the past decade that turned a fringe concept into a $5.6 trillion asset class.

In addition to their business investment purposes, the loans in BINOM 2022-INV are first-lien, fixed- and adjustable-rate, fully amortizing and interest-only.

Treasurys rose and stocks dropped after a sudden hawkish move from the Bank of Japan sent the yen soaring and raised expectations it would boost interest rates.

As recession clouds gather amid signs inflation may have peaked, safe yields approaching 5% for blue-chip corporate debt strike many managers as decent value.

After Athas Capital Group winds down DLJ Mortgage Capital will make all loan-level representations and warranties for the deal.

The inaugural CLO for Northwestern Mutual Investment Management and offers notes that appear to have a lower scenario default rate, plus higher WA recovery rate.