ABS

More of the business is now controlled by independent lenders, and with mortgage volumes plunging this year, many are struggling to stay afloat.

The GCAT 2022-INV3 trust will repay issued notes and provide credit enhancement through a senior-subordinate, shifting interest repayment structure.

(Bloomberg) --A rarely-used financial product that makes it easier to monitor the performance of sustainable projects has been endorsed as a reliable way to avoid greenwashing in the $4 trillion ESG debt market.

Republicans, many whom opposed giving the IRS the extra money, have said it's using the funding to hire an additional 87,000 auditors to target middle-class households.

Some 853 residential mortgages comprise the underlying collateral pool, and they have relatively low original loan-to-value (LTV) ratios, of about 67.7%.

A reasonable person can be forgiven for asking whether an agency with a $13.7 billion budget really doesn't have enough to front some cash.

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.

Agricultural equipment has a reliable performance track record. The asset class' background, however, appears to be at odds with the it concentration risks.

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.

Notes have junior note subordination as initial hard credit enhancement, a non-declining reserve account, yield supplement overcollateralization and excess spread.

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.

The Goddard schools are franchised, and the company's requirement that owners operate on site results in 82% of franchisees operating just one school.

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.

Angel Oak Capital Advisors and Brightvine collaborated on the deal, which raised $147.5 million noteholders and extended the application beyond mortgages.

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.

As mortgage rates remain elevated, and housing inventory increase, unsupported rapid home price growth could moderate in the second half of 2022.

The two-year Treasury rate exceeds the 10-year by almost 50 bps, an inversion viewed as a sign of a looming recession under the Fed's monetary-tightening campaign.

Previous Evergreen Credit transactions have issued amounts ranging from $428 million to $1,070 billion, while the last two deals issued $535 million each.

Even before the Fed's balance-sheet runoff plan gets up to full speed in September two camps of economists and strategists have emerged predicting an early end.

Kroll Bond Rating Agency expects to divide the pool into two distinct groupings for ratings purposes, RMBS and CMBS. The RMBS pool is slightly larger.