The capital structure supporting ALLO Issuer, series 2025-1, calls for senior fees and class A1L principal and interest to be paid first.
Second-lien loans make up virtually the entire pool, which carries some risk of poor recovery rates. Yet 78% of the pool is ...
Borrowers are considered prime in this pool, but Fitch Ratings notes that delinquency rates have been increasing since 2022.
Aside from that, three collateral performance trigger events—delinquency, default and extension rate—that can force an early ...
Loans on used cars, extended to borrowers with prime credit characteristics, make up the reference pool of assets.
Almost the entire pool of mortgages will fund primary residences and were underwritten using full documentation.
Total hard credit enhancement will represent 4.5% of the note balance, and initial reserves amounting to 2.0% of the pool.
The pass-through certificates are supported by a full pool of amortizing loans, which have no interest-only periods.
Portfolio managers should consider choosing CLOs and ABS over corporate credit and agency MBS over Treasuries in 2025, says ...
The pool is diversified, with its top obligor accounting for 3.2% of the pool balance, and the top 10 obligors account for 14 ...
Carvana is preparing its first securitization this year backed by a pool of prime retail auto loans, selling $602.7 million ...
A pool of auto loans extended to subprime borrowers will secure $239.7 million in securitized bonds, in a deal sponsored by ...