Collateralized loan obligation activity should increase despite higher-for-longer rates and liability management exercises.
Called collateral from various series increased to 6.0%, from 4.0%, while weighted average seasoning increased to 3.15 months from 2.82 months.
The deal includes a minimum assets test, requiring the issuers to own at least 10 assets at the end of the nine-month delivery period, or seven assets after the delivery period.
The A2B notes in TAOT 2025-A will make up 75% of total class A2 notes, a much higher percentage of floating-rate A2B notes ...
Deal production has been a bright spot, but delinquencies could soon reach record highs, especially for office CMBS.
Like other recent pools of securitized mortgages located in the Los Angeles County area, any loans that exhibited material damage from the fires were removed from the pool before closing.
Agency underwritten loans accounted for 97.1% of the CMLTI 2025-1 pool, up drastically from 10.6% on the CMLTI 2024-1 series.
In a few notable changes from the 2024-1 deal, 0.73% of the current pool is composed of closed-end leases, an increase from 0 ...
The class A1 notes have the lowest cumulative advance rate, which combines the interest and mortgage insurance rates to show ...
Leftover goals from the first administration of president-elect Donald J. Trump 1.0 could shake MBS and other ABS sectors.
Initial hard credit enhancement, based on a Pv6 securitization share of ADSAB is 27.8%, higher than the 18.7% on the Sunrun ...
Experts say the Trump administration is waiting for Scott Bessent to be confirmed as treasury secretary and for other ...