ABS

Mortgages in the transaction are almost evenly split between funding owner-occupied properties (53%) and second homes or investor properties (47%).

The transaction is fixed rate from the collateral to the notes, an apparent retreat from the 2022-4 and 2022-5 deals that priced over the SOFR.

Until 2008, the roughly two dozen "primary dealers" designated by the Federal Reserve Bank of New York had a virtual stranglehold on the distribution of new US government debt.

VZMT began securitizing business device plan revenue in 2021. Now, business accounts represent up to 10% of the current securitized asset pool.

Cars make up 37.9% of the pool, a representation that hasn't been that low since cars made up 35.08% in the 2020-2 deal.

The chief investment officer is warningThe Federal Reserve could continue the fight against inflation in the second half, pushing terminal rates to as high as 6%.

The middle-market manager's diverse funding sources provide extra dry powder amid industry headwinds, and a head start to 2023 as CLO arbitrage improves.

The subordinate classes receive only scheduled principal payments and are locked out of any unscheduled principal or prepayments for five years.

BlackRock Inc. clients continued to pour money into the firm's long-term investment funds in the fourth quarter, seeking to capitalize on the preceding rout in stock and bond markets.

The transaction is the eleventh broadly syndicated securitization under Kiavi's LHOME shelf program.