The 2024-5 series are secured by a pool of loans purchasing primary residences, with an original, cumulative LTV of 73.9%, ...

Citing auto sales as a potential leading indicator, observers say the labor market's health might be overstated, while auto ...

The current transaction will sell the most in securitized bonds since the 2022-1 series came to market with $850 million in ...

An independent third-party company will provide the primary servicing, and the industry and equipment diversification levels are strong in the pool.

Pricing guidance suggests the A1+ and F1+ notes are expected to yield 5.5% over the three-month interpolated yield curve, ...

As of Dec. 31, 2023, according to Moody's, the portfolio's delinquency rate was higher than the rating agency had observed in ...

At least as important, said Raffi Dawson, head of SMBC Nikko's structured finance group, the firm's underwriting volume for ...

The concentration of borrowers with FICO scores below 700 decreased to 12.13% of the pool, and the contingent of managers and ...

All four of the class A tranches benefit from total initial hard credit enhancement of 13.80%, while the B and C classes of ...

The deal includes subordination in the form of class B notes, a rarity for whole business securitization deals.

Yields are expected to range from 6.3% on the AAA notes to 7.4% on the BBB notes, which are priced against the three-month ...

The securitization amount is smaller than an earlier transaction, and its AAA notes are expected to price at wider spreads ...