ABS

CLOs technically fall under the new disclosures and prohibitions for private-fund umbrella, but do not appear to be the proposed rule’s intended target.

Federal Reserve Bank of Atlanta President Raphael Bostic favors six quarter-point interest-rate hikes in 2022, less aggressive than most of his fellow officials.

The initial principal balance could be $1.3 billion or $1.6 billion, and the pool has other characteristics that raise caution compared with the 2022-1 deal.

The bank’s approval rate for Black applicants was the lowest among major lenders, the Bloomberg analysis of federal mortgage data found.

Oportun provides financing to borrowers with a lack of an established credit history or who are underserved by traditional, mainstream financial institutions.

Reporting to Tricia Hazelwood, who is head of international head of securitized products, Badrakhan will head up MUFG’s U.S. esoteric ABS business.

A majority of the loans, 63.5%, were designated as non-QM loans, and about 36.5% of the loans in the pool are made to investors for business purposes.

Russia’s invasion has sent commodity prices flying, adding to inflation expectations after the U.S. posted the highest consumer-price gains in 40 years last month.

Raskin’s chances for the post evaporated after Senator Joe Manchin of West Virginia, a pivotal Democratic vote in the 50-50 Senate, announced he wouldn’t support her.

The term note maturity is also relatively short, and has a scheduled amortization term, which KBRA considers to be a credit strength.

It’s the latest indication of rapid inflation in the U.S., and prices are poised to accelerate further after Russia’s invasion of Ukraine sent prices of some raw materials to new highs.

Self-employed borrowers accounted for 29.8% of the pool, while loans with co-borrowers and multiple borrowers accounted for 39.9% and 9.8%, respectively.

The Fed is the drawcard among eight Group-of-20 members whose monetary officials are due this week to assess economic prospects.

The U.S. economy is relatively insulated from the events unfolding in Eastern Europe. Western Europe may be affected indirectly by higher energy prices.

The NCSLTs say whether student loan ABS trusts are “covered persons” and thus under the CFPB’s regulation is not something that an appeals court should decide.

While the deal is varied by obligor, Moody’s noted that KCOT 2022-1’s high concentration of construction equipment types is a potential challenge.

Power supply and distribution customers are virtually identical, but the trust will not cross-collateralize the two revenue streams to service the debt.

The consumer price index jumped 7.9% from a year earlier following a 7.5% annual gain in January, Labor Department data showed Thursday. The widely followed inflation gauge rose 0.8%.

Franchises, which account for 98% of Jimmy John’s restaurants, provides the business with more stable cash flows than companies with lower franchise levels.

Edward "Jay" Southgate will represent financial institutions, issuers and underwriters in deals such as private placements of asset-backed securities and residential MBS.