A cumulative net loss trigger and a material modified loan ratio trigger will direct all available funds to the note principal payment if they are breached.

All the notes benefit from credit enhancement equaling 4.75% of the note balance, an initial reserve account representing 0.50% of the pool balance.

ExteNet is preparing to sell $117.5 million in securitized bonds, secured by a pool of revenue from wireless network and data ...

The deal is secured by a portfolio dominated by mortgage loans considered non-qualified or exempt from ability to repay rules ...

DBRS noted that about 90.5% of the 4,011 loans receive payment through Automated Clearing House, which boosts payment capture ...

June 09, 2025, 2:31 p.m. EDT 1 Min Read ...

Toyota Motor Credit is preparing to sell $1 billion in asset-backed securities (ABS), secured by prime retail installment ...

Credit support to the bonds range from 28.48% to 32.30%. They provide coverage of about 3.0x-3.4x of its base-case net loss ...

All the senior notes—including A1, rated P1 and A2 through A4, rated Aaa—benefit from total initial hard credit enhancement ...