The current pool has smaller exposures to the construction and turf sectors compared to the 2024-2 series, which have seen ...
Loan modifications and expenses have reduced available interest and net weighted average coupon (WAC) rates in the deal.
Unlike most aircraft securitizations, Gilead 2025-1 uses a mortgage amortization style, de-levering at a lower rate compared to a more typical straight-line payment style.
Any loan that is more than 120 days delinquent becomes a stop-advance loan, a designation that prevents interest leakage to bondholders.
Investor properties or second homes account for 38.1% of the pool. Also, 27.9% of the loans are a debt service coverage ratio ...
While SoFi uses a third-party servicer for both of those product types, it services its entire consumer loan portfolio.
As an investment, cat bonds have drawn attention in recent years after far exceeding returns on other high-risk fixed-income markets.
To keep note repayment on track, credit enhancement comes from subordination, and senior notes benefit from a principal ...
Market participants aren't declaring victory yet, though, because the record volume of liability management exercises (LMEs) enabling those transactions is likely to continue, and borrowers may ...
Altavair has launched a $582.9 million securitization, the proceeds of which will fund the acquisition of 24 passenger aircraft to be operated by 11 third-party lessees, joining a recent rush of ...