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Eleven of the underlying mortgages are portfolio loans, and others are split loans governed by co-lender agreements, KBRA said, amounting to 38.6% of the pool.
August 16 -
Agricultural equipment has a reliable performance track record. The asset class' background, however, appears to be at odds with the it concentration risks.
August 16 -
As tempting as it may be to again choose the easy course of action, the Fed should resist yet another approach that risks keeping the inflation threat alive for longer.
August 16 -
Notes have junior note subordination as initial hard credit enhancement, a non-declining reserve account, yield supplement overcollateralization and excess spread.
August 15 -
If they can't sell the CLOs over the next year or so, their loans may be liquidated, causing a potential flood of selling that could press prices lower in a market that's already been hit by recession fears.
August 15 -
The Goddard schools are franchised, and the company's requirement that owners operate on site results in 82% of franchisees operating just one school.
August 12 -
As new Chief Executive Officer Ulrich Koerner seeks to move past two years of scandals and losses that have shaken the bank to the core, the era of the SPG may finally be ending.
August 12 -
Angel Oak Capital Advisors and Brightvine collaborated on the deal, which raised $147.5 million noteholders and extended the application beyond mortgages.
August 11 -
The impact of the Fed's interference may be felt for years. The Federal Reserve now holds more than 40% of the total outstanding amount of agency MBS, or nearly half the market.
August 11 -
As mortgage rates remain elevated, and housing inventory increase, unsupported rapid home price growth could moderate in the second half of 2022.
August 10