The Loan Store originated the largest portion of mortgages in the pool, 10.3%, according to Fitch, while an array of other lenders accounted for the rest.
Total consumer debt in the United States hit $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax.
Underwriting relied heavily on alternative documentation, led by debt-service coverage ratios (35.7%) and bank statements ranging from 12-23 months (28.2%) and longer than 24 months (4.6%).
Judges on the U.S. Court of Appeals for the District of Columbia struggled to find a resolution to an injunction issued last ...
At press time no injuries were reported, but exhibitors were relocated to satellite booths throughout the venue, the Aria ...
Gatti will be based in the firm's Washington, D.C. office, where he focuses on structuring and executing asset-backed ...
After closing, which is expected on February 27, coupons are expected to pay coupons of 4.83% on the notes rated AAA and 5.04% on the AAA-rated A1LCF.
The index will provide market professionals with consistent, transparent and dependable methods of evaluating performance and risk across the securitized credit markets.
Customers with a FICO of at least 700 accounted for about 75.3% of the PV systems by the aggregate discounted solar asset ...
Interest payments on the class B notes might be deferred to allow the interest and principal on the class A notes if a sequential interest amortization period is in effect.
The Buffalo-based bank didn't specify the size of potential losses from a suit that grew out of the collapse of subprime auto lender Tricolor Holdings. M&T said its trust subsidiary will "vigorously ...
As finance chiefs feel the pressure to include AI in business models and work flows, the ABS industry is responding with ...