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Community banks that could reel in cheap deposits while keeping a lid on expenses were able to outperform peers in 2024.
Optimism over lower rates spurred a shift into riskier corners of Wall Street — as money exited the long-favored safety trade of technology megacaps.
The collateral for Navient Private Education Refi 2018-1 is similar to that of Earnest's previous deal, completed in May, but it is rated two notches higher, at, AAA by S&P Global Ratings.
The recent lull in issuance of private label commercial mortgage bonds has helped new issue CMBS spreads retrace much of the (modest) widening seen earlier in April, according to research published by J.P Morgan.
The May prepayment report was all about HARP, as was expected; however, speeds on seasoned 5.0%s on through 6.5% were faster than anticipated. Meanwhile, lower coupons were mostly slower than projected. For example, FNCL 5.0s through 6.5s were estimated to increase between 5% and 9% on average but rose 9-14%, while 4.0s and 4.5s were […]