Securitization

Compared with transactions from other issuers with similar collateral characteristics, the underlying pool has a relatively higher weighted average FICO score, Moody's Ratings says.

The loan portfolio has international diversification across industries.

Fitch Ratings views home price values in the non-prime mortgage pool as being 11.3% above a long-term sustainable level.

Securitizations face fewer complications under the Corporate Transparency Act (CTA) but missed filings can incur stiff penalties.

High quality consumer loans enhance the collateral pool.

The inaugural sub-prime auto loan ABS is primarily backed by used car and light-truck/sports utility vehicle loans.

The 45% charge provides an interim step toward a longer-term risk-based capital schema for insurers.

The securitization from the Boston-based fintech was "significantly oversubscribed," according to the company.

Fitch Ratings views home price values in the non-prime mortgage pool as being 11.1% above a long-term sustainable level.

The trust's sixth issue of the year is backed by higher-income borrowers.

The collateral is a single loan secured by first-priority mortgages in a pool of 2,070 single-family homes.

Stubborn inflation is expected to work its way down, but combined with higher-for-longer interest rates, consumers are feeling the effects differently across the credit spectrum.

The deal benefits from excess spread, overcollateralization, and senior/subordinate enhancements.

KBRA says there is notable borrower equity in the properties collateralizing the mortgages, which is reflected in the weighted average original loan-to-value ratio of 71.7%.

The booming loan and CLO markets could face hurdles unless merger & acquisition activity picks up.

The deal structure also features a two-year revolving period, followed by a full-turbo amortization phase.

Data center and fiber investments are growing for a host of reasons, including employees working from home more since the pandemic.

Also, 3.3% of the pool are closed-end loans with second lien priority underwritten with various documentation methods.

Home price appreciation and favorable economic factors have led to consistent loan performance, but prepayments are increasing with an uptick in housing turnover, according to Morningstar DBRS.

None of the loans registered a delinquency in the past 24 months, and none had received a modification prior to the May 31 cutoff date.