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 ...