ABS

Net cash flow had decreased to $144.1 million in 2020, before recovering to $181.3 million in 2021 and $195.9 million for the trailing twelve-month period that ended in May.

With speculation over whether Beijing might weaponize its vast holding of Treasuries, investors have been outlining how the US House Speaker's trip may have a long-term market impact.

Octane is managing increased warehouse financing costs while not recognizing gains on securitization residual sales.

Markets expect the surge in consumer prices will soon peak and central banks will become less hawkish, but there’s a high risk that global cost pressures will remain elevated.

A potential credit drawback on the deal is the mismatch between the fixed rate underlying automobile loans and the SOFR rates to be paid to noteholders.

Proceeds are earmarked for general corporate purposes, including the financing of share buybacks and dividends, said the person, who asked not to be identified as the details are private.

The deal has a significant concentration of California-based loans, leaving the timely repayment of notes vulnerable to regional economic stresses or natural disasters.

Vranos, a former rising star at Kidder, Peabody & Co Inc. in the early 1990s, left in 1994 to form Ellington, which capitalized on the mass sell-off in mortgage securities following the Fed’s rate hikes.

Owing to the revolving pool, Fitch Ratings assigned a base case default ratio of 3.9%, even though the rating agency’s default assumption for the pool was 3.1%.

Naturally, some investors think that incoming data on a softening economy could scare the Fed away from further tightening. That’s misguided though.