ABS

We're at the moment that regulators and market participants have been fearing, which is that there will be more episodes when parts of the market seized up.

Some 95.8% of loans in the statistical asset pool as of the statistical calculation date were supported by guarantees with a WA non-zero guarantor FICO of 716.

Non-qualified mortgages comprise 50.5% of the pool, and the remaining loans are considered exempt from the Ability to Repay/Qualified Mortgage rule.

On a weighted average basis, seasoning was about 10 months, and among loans with an original term of more than 72 months, the FICO score was 730, down from 744.

The transaction closed in August for an undisclosed amount and gives KBRA Analytics a business unit that was expanding in the direct lending analytics industry.

How to play the market while yields are still rising, how high rates might go before they plateau or fall, and whether bonds will witness increases across the whole curve are all key questions.

Clients of dv01 leverage the firm's loan-level data for a range of purposes, including securitization and performance analysis.

Investors aren't necessarily the ones getting cold feet despite interest-rate uncertainty and economists' growing warnings of a potential recession.

In the proposal, NAIC argues that an insurer purchasing every tranche of a CLO holds the same investment risk as purchasing the entire pool of loans backing the CLO.

The Fed's Treasury holdings include inflation-protected securities, and the total value incorporates adjustments to their principal determined by changes in the CPI.

Outstanding balances have grown 81% over the last twelve months, with WA high balances of $648, in relation to their WA available credit lines of $947.

Regardless of whether the deal issues the $1.2 billion base amount or is upsized to $2.0 billion, the collateral is non-prime and has an original term of 71 months.

The US leveraged loan market, while seeing less volume, has been "orderly and open." That's in part due to continued demand from collateralized loan obligation managers.

BHG tightened income fraud mitigation with a 16-member fraud management team to address increased losses through its consumer digital channel.

Banks have been struggling to offload $15 billion of debt commitments that they agreed to provide in January to help finance the buyout of the software company.

The transaction requires that a minimum of 85.0% of the loan borrowers be based in the U.S. or Canada, while up to 60.0% of the collateral can be covenant-lite.

The plan is likely to incentivize borrowers to swap older, bank-owned loans that don't qualify for the benefits for new loans that do qualify as Direct Loans.

The new loan forgiveness program should lessen maturity risk by lopping off a chunk of the student loans, accelerating payments to lenders.

Fitch expects MPR performance to remain strong compared to historical levels "with some moderate normalization" toward 2019 levels.

For multi-borrower SFRs, realized losses as a percentage of original balances was less than 1.0% on loans that were in foreclosure or in special servicing.