Unlike previous FIGRE deals where overcollateralization provided credit support to the notes, FIGRE Trust 2025-HE1 has a class G composed of principal-only notes that provide the credit support.
Debt service coverage ratio triggers, including cash trapping and rapid amortization, will provide much of the credit ...
The deal has a step-up coupon feature that calls for the fixed rates on classes A1, A2 and A3 to increase by 100 basis points, subject to the net weighted average coupon (WAC) after four years.
State banking associations across the country said that Michelle Bowman should be the Federal Reserve vice chair for supervision, not least because she already sits on the Fed board and could start ...
The multifamily property securities market is expected to stay resilient, despite weaknesses in certain markets due to ...
Called collateral from various series increased to 6.0%, from 4.0%, while weighted average seasoning increased to 3.15 months from 2.82 months.
Collateralized loan obligation activity should increase despite higher-for-longer rates and liability management exercises.