The contracts and installment loans were extended to prime and non-prime borrowers, most of which (81.49%) are financing new vehicles as of the deal's closing date.
A reserve account is initially 0% at closing. The target will shift between 1%, 2% and 3%, depending on whether the ...
She and Houston-based Jonathan Ayre recently discussed trends and developments in esoteric ABS with Asset Securitization Report. Ayre focuses on the energy markets and has helped pioneer several first ...
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 ...
GoodLeap Home Improvement Solutions Trust is coming to the capital markets to raise $378 million in asset-backed securities, ...
Local Law 79 affects roughly 15,000 commercial real estate buildings in New York City, a market ripe for securitization.
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 ...
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.
The deal will repay investors on a hyrid pro rata, sequential basis. Credit enhancement ranges from 51.7% on the class A1A ...