Sabey 2025-2 will feature a $24.8 million liquidity reserve among other credit enhancement mechanisms, including cash trap ...

Almost all the collateral was extended to borrowers attending four-year schools, and the same percentage was made to ...

The non-prime pool benefits from a non-declining reserve fund of 1.0% of the initial pool balance, and subordination of 32.9% ...

Figg will advise financial institutions, issuers, arrangers and underwriters on asset-backed securities (ABS) deals, ...

A reserve account starts off at 0.0%, but its funding level varies in line with three-month average excess spreads, if it ...

The capital structure supporting ALLO Issuer, series 2025-1, calls for senior fees and class A1L principal and interest to be ...

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.

Unlike estimated excess spread, which increased to 13.2%, from 12.8% on the EART 2024-4 transaction, several other forms of credit enhancement levels dropped.

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.