The current portfolio is secured by tax liens from municipalities in eight states and Washington, D.C., that have a ...
The deal includes subordination in the form of class B notes, a rarity for whole business securitization deals.
Yields are expected to range from 6.3% on the AAA notes to 7.4% on the BBB notes, which are priced against the three-month ...
All four of the class A tranches benefit from total initial hard credit enhancement of 13.80%, while the B and C classes of ...
The securitization amount is smaller than an earlier transaction, and its AAA notes are expected to price at wider spreads ...
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will ...
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected ...
Achieve Home Loans' latest securitization offers $170 million in home equity line of credit (HELOC) notes to investors, secured by a slightly smaller pool of loans to investors and slightly higher ...