ABS

The Verus Securitization 2022-6 transaction has a high concentration of loans, 47.7% that were underwritten using alternative documentation.

The auto lender also has funding sources, including borrowing availability of $350 million, and an unused committed warehouse capacity of about $143 million.

The evidence of the Fed’s loss of control has multiplied uncomfortably in recent weeks. For its sake and that of both the domestic and global economy, the central bank desperately needs to regain control of the inflation narrative.

The Neuberger Berman pool has an average credit quality of ‘B’ on the indicative portfolio, which indicates a highly speculative credit quality.

A Russian default would allow President Vladimir Putin to keep foreign currency reserves that would have otherwise been paid to creditors.

Notes are slated to mature on June 25, 2042, and the mortgages are financing property types like one- to four-family residences and planned unit developments.

The transaction is building several structural precautions into the deal to mitigate potential effects from the COVID-19 pandemic.

A closely-watched part of the U.S. yield curve inverted as Treasury futures volumes leaped on increasing concern that tighter policy will take a toll on growth.

On average, CLOs had a default exposure of 0.1% at the end of May, according to the latest update from Fitch Ratings.

Certificates will be supported by 407 home loans, two of which are adjustable-rate mortgage (ARM) loans that reference the one-year LIBOR.