A reserve account is initially 0% at closing. The target will shift between 1%, 2% and 3%, depending on whether the three-month average excess spread falls below certain thresholds.

Any risk of mis-matching of fixed and floating rates among the assets and transaction notes is minimal. Between 80%-90% of the notes pay a fixed rate, while 78% of the loans are fixed rate.

Republic First Bank allegedly discriminated against minority borrowers before it went under in April. New Jersey officials ...

Aside from the pool primarily made up of second and junior liens in the pool, 82.2% of the loans were underwritten with ...

All the assets benefit from Federal Housing Administration insurance a sequential payment structure and the subordination of ...

A vast majority of the deal, 87.17% of the collateral, as a percentage of the assets' principal balance, has a 60-month ...

Blue Own Asset Leasing's notes benefit from a reserve account representing 1% of the pool balance, overcollateralization, and ...

Local Law 79 affects roughly 15,000 commercial real estate buildings in New York City, a market ripe for securitization.