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 ...

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.

Borrowers are considered prime in this pool, but Fitch Ratings notes that delinquency rates have been increasing since 2022.