She and Houston-based Jonathan Ayre recently discussed trends and developments in esoteric ABS with Asset Securitization ...
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.
Aside from the pool primarily made up of second and junior liens in the pool, 82.2% of the loans were underwritten with ...
A vast majority of the deal, 87.17% of the collateral, as a percentage of the assets' principal balance, has a 60-month ...
Republic First Bank allegedly discriminated against minority borrowers before it went under in April. New Jersey officials ...
Blue Own Asset Leasing's notes benefit from a reserve account representing 1% of the pool balance, overcollateralization, and ...
All the assets benefit from Federal Housing Administration insurance a sequential payment structure and the subordination of ...