The obligors' non-investment grade credit quality could present challenges to the timely repayment of notes. Yet PREF focused ...
Just 2.15% of the loans in the pool financed properties in Los Angeles County, and the surrounding areas that have been ...
Investors and analysts see pockets of value in asset-backed securities, as elevated fiscal policy uncertainty and wariness ...
The portfolio is composed of 743 first-lien, fixed- and adjustable-rate, fully amortizing mortgages to borrowers with prime ...
Outstanding loans eligible for repossession in December 2022 saw a 22.5% increase from December 2019, but redemptions were higher than pre-pandemic levels.
Obligors are slightly more concentrated but the percentage of obligors in higher credit quality grades—2 through 5—increased ...
Despite Exeter's experience, it has low durability as a servicer. This puts its default probability in the unknown.