Underlying borrowers have accumulated significant amount of home equity in their homes, to a weighted average (WA) original ...
The notes can withstand breakeven default levels of 73.38%, 57.8%, 40.71% and 34.17%, respectively. Those levels surpass the ...
The senior tranche will sell a mix of floating and fixed-rate notes, benefiting 22.5% in credit support. The class B notes ...
Further, the assets have a loan-to-value ratio of about 52%, with a cashflow that can withstand large haircuts.
Sagard Private Credit Fund's private credit investments will consist mainly of private loans originated by Sagard with ...
The collateral pool is the largest in a year from the securitization program, whose yields are expected to range from 4.75% ...
All the notes, which are fixed rate, have an Aug. 18, 2031 final maturity date, DBRS said. The transaction will repay ...
A unique convergence of several macroeconomic events with persistent financing demand from underserved borrowers and housing ...
The class A and B notes will receive cash distributions to reduce the interest payment amount and any interest carryforward.
Notes benefit from overcollateralization of 2.60% of the initial pool. Subordination and a sequential payment priority will ...
Credit enhancement on the notes includes 3.5% in excess spread, subordination of the class M notes equaling 3.%, and a ...
The note balance can be upsized to $1.2 billion in auto ABS, according to Moody's Ratings, and the pool size can be increased to 26,514 contracts.