DTI

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2024-HQA1

Retrieved on: 
Thursday, March 7, 2024

KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.

Key Points: 
  • KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-HQA1 Notes, Freddie Mac STACR REMIC Trust 2024-HQA1 (STACR 2024-HQA1), a credit risk sharing transaction with a total note offering of $712,000,000.
  • STACR 2024-HQA1 features loans with loan-to value (LTV) ratios greater than 80%, but less than or equal to 97%.
  • The Offered Notes represent obligations of the STACR 2024-HQA1 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2024-HQA1 Reference Pool.
  • The STACR 2024-HQA1 Reference Pool consists of 69,295 residential mortgage loans with an outstanding principal balance of approximately $23.1 billion as of the cut-off date.

dv01 and Fitch Ratings Launch Fitch-dv01 Non-Agency RMBS Benchmarks

Retrieved on: 
Wednesday, February 21, 2024

dv01 , a leading capital markets fintech company, has today announced a strategic collaboration with Fitch Ratings , a globally recognized leader in credit ratings and research, to enhance RMBS benchmark offerings.

Key Points: 
  • dv01 , a leading capital markets fintech company, has today announced a strategic collaboration with Fitch Ratings , a globally recognized leader in credit ratings and research, to enhance RMBS benchmark offerings.
  • The Fitch-dv01 Non-Agency RMBS Benchmarks constitute two benchmarks that focus on Non-QM and Prime Jumbo markets, aiming to redefine market analysis with the most comprehensive representation.
  • This announcement marks the second initiative in a series of collaborations between dv01 and Fitch Ratings, following Fitch Group’s acquisition of the capital markets fintech company.
  • The Fitch-dv01 Non-Agency RMBS Benchmarks bring a new level of transparency, providing stakeholders with unprecedented insights into the intricate details of the non-agency mortgage markets.

CyberArk Announces 2023 Global Partner of the Year Award Winners

Retrieved on: 
Tuesday, February 13, 2024

CyberArk (NASDAQ: CYBR ), the identity security company, today announced the winners of its 2023 Global Partner of the Year awards.

Key Points: 
  • CyberArk (NASDAQ: CYBR ), the identity security company, today announced the winners of its 2023 Global Partner of the Year awards.
  • CyberArk’s partner program achieved strong momentum in 2023, marking the highest percentage of partner-assisted business to date.
  • The CyberArk Partner Network is one of the industry’s largest global networks of security-focused partners, with more than 1,300 global systems integrators (GSIs), managed service providers (MSPs), solution providers, strategic outsourcers, advisories and distributors, as well as global and regional marketplaces.
  • “Congratulations to all 2023 Partner of the Year winners!

ZimVie Announces Launch of Next-Generation TSX® Implant in Japan

Retrieved on: 
Wednesday, February 7, 2024

WESTMINSTER, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- ZimVie Inc. (Nasdaq: ZIMV), a global life sciences leader in the dental and spine markets, today announced the launch of the TSX® Implant in Japan.

Key Points: 
  • WESTMINSTER, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- ZimVie Inc. (Nasdaq: ZIMV), a global life sciences leader in the dental and spine markets, today announced the launch of the TSX® Implant in Japan.
  • As ZimVie’s largest dental implant market in APAC and fifth largest market globally, Japan is of great strategic importance to ZimVie.
  • The launch of TSX in Japan allows the company to compete head-to-head with premium market leaders in the dental implant space.
  • “We’re excited to expand our TSX Implant line globally, with the offering now available in Japan,” said Indraneel Kanaglekar, SVP and President of ZimVie Dental.

KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2024-DNA1

Retrieved on: 
Thursday, February 1, 2024

KBRA assigns ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-DNA1 Notes, Freddie Mac STACR REMIC Trust 2024-DNA1 (STACR 2024-DNA1), a credit risk sharing transaction with a total note offering of $572,000,000.

Key Points: 
  • KBRA assigns ratings to 24 classes from Freddie Mac Structured Agency Credit Risk (STACR®) REMIC 2024-DNA1 Notes, Freddie Mac STACR REMIC Trust 2024-DNA1 (STACR 2024-DNA1), a credit risk sharing transaction with a total note offering of $572,000,000.
  • STACR 2024-DNA1 features loans with loan-to-value (LTV) ratios greater than 60%, but less than or equal to 80%.
  • The Offered Notes represent obligations of the STACR 2024-DNA1 Trust in a credit-linked note structure governed by a credit protection agreement between the trust and Freddie Mac, with payments subject to the credit and principal payment risks of the STACR 2024-DNA1 Reference Pool.
  • The STACR 2024-DNA1 Reference Pool consists of 59,003 residential mortgage loans with an outstanding principal balance of approximately $18.3 billion as of the cut-off date.

National Credit Center Launches Groundbreaking Credit and Compliance Solution for Auto Dealers at NADA

Retrieved on: 
Thursday, February 1, 2024

AUSTIN, Texas, Feb. 1, 2024 /PRNewswire-PRWeb/ -- National Credit Center (NCC), a leading provider of credit, identify verification, compliance, and soft pull solutions, has announced the launch of its NCC Complete Credit™ platform at the 2024 National Automobile Dealers Association (NADA) Show in Las Vegas, Nevada.

Key Points: 
  • AUSTIN, Texas, Feb. 1, 2024 /PRNewswire-PRWeb/ -- National Credit Center (NCC), a leading provider of credit, identify verification, compliance, and soft pull solutions, has announced the launch of its NCC Complete Credit™ platform at the 2024 National Automobile Dealers Association (NADA) Show in Las Vegas, Nevada.
  • We couldn't be more excited to unveil NCC Complete Credit™ at NADA 2024!
  • "We couldn't be more excited to unveil NCC Complete Credit™ at NADA 2024" said National Credit Center President Brian Skutta.
  • NCC will be at the NADA 2024 Show in Las Vegas, Nevada from February 2-4 at Booth #1753W demonstrating NCC Complete Credit™.

KBRA Assigns Preliminary Ratings to Fannie Mae’s CAS 2024-R01

Retrieved on: 
Monday, January 22, 2024

KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2024-R01 (CAS 2024-R01), a credit risk sharing transaction with a total note offering of $752,249,000.

Key Points: 
  • KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2024-R01 (CAS 2024-R01), a credit risk sharing transaction with a total note offering of $752,249,000.
  • The pool is characterized by loans with original loan-to-value (LTV) ratios that are greater than 60% and less than or equal to 80%.
  • The Reference Pool consists of 59,883 residential mortgage loans with an outstanding principal balance of approximately $19.2 billion as of the cut-off date.
  • The borrowers in the Reference Pool have a non-zero WA (NZWA) original credit score of 753 and a NZWA debt-to-income (DTI) ratio of 38.0%.

Diversified Technologies, Inc. Introduces Atmosphere-Refueling Magnetic Induction Plasma Engine (AR-MIPE) that Eliminates the Need for Heavy Fuel Payloads from Earth

Retrieved on: 
Wednesday, January 3, 2024

BEDFORD, Mass., Jan. 3, 2024 /PRNewswire-PRWeb/ -- Diversified Technologies, Inc. (DTI) has introduced a new spacecraft engine powered by in-situ propellants that provides enhanced in-space maneuverability and greater payload capacity.

Key Points: 
  • A new spacecraft engine powered by in-situ propellants that provides enhanced in-space maneuverability and greater payload capacity is being developed by Diversified Technologies, Inc. (DTI).
  • BEDFORD, Mass., Jan. 3, 2024 /PRNewswire-PRWeb/ -- Diversified Technologies, Inc. (DTI) has introduced a new spacecraft engine powered by in-situ propellants that provides enhanced in-space maneuverability and greater payload capacity.
  • The 100 kW electrodeless inductive thruster which ionizes propellant and accelerates electrons and ions to great velocities is a significant paradigm shift in propulsion technology for space travel because it eliminates the need to carry heavy fuel payloads from earth.
  • The Atmosphere-Refueling Magnetic Induction Plasma Engine (AR-MIPE) provides high thrust at specific impulse without the need for electrodes, vastly extending thruster life and permitting the use of low cost in-situ propellants.

Longeveron Announces Additional Positive Clinical Data and Imaging Biomarker Results from the CLEAR MIND Phase 2a Trial of Lomecel-B™ in the Treatment of Mild Alzheimer’s Disease

Retrieved on: 
Wednesday, December 20, 2023

The expanded data set reinforced the earlier top-line findings showing that the primary safety endpoint was met and provided further support for Lomecel-B’s positive benefit/risk profile.

Key Points: 
  • The expanded data set reinforced the earlier top-line findings showing that the primary safety endpoint was met and provided further support for Lomecel-B’s positive benefit/risk profile.
  • Wa’el Hashad, CEO of Longeveron, commented: “These new data support our initial results for CLEAR MIND that we announced in October and provide further validation of both the safety and therapeutic potential of Lomecel-B™ in the treatment of mild Alzheimer’s disease.
  • In addition to these clinical findings, brain imaging showed improvement in brain architecture measured by volumetric MRI and DTI, respectively.
  • Taken together, the Company believes the results of the CLEAR MIND study build a strong foundation for further development in mild Alzheimer's disease patients.

Matic’s Year-End Report Unveils Continued Challenges in 2024 Home Insurance Landscape: Record Premiums, Increased Deductibles, and Industry-Wide Impact on Mortgage Lenders

Retrieved on: 
Tuesday, December 12, 2023

Additionally, the report notes that mortgage lenders in particular have faced increased challenges within their loan processes due to the difficult insurance market, as home insurance is a requirement to secure a mortgage.

Key Points: 
  • Additionally, the report notes that mortgage lenders in particular have faced increased challenges within their loan processes due to the difficult insurance market, as home insurance is a requirement to secure a mortgage.
  • The report covers findings from a recent Matic survey, indicating that 79% of mortgage lenders experienced an increase in problems with home insurance in the last year.
  • Specifically, record-level insurance rates impacted mortgage eligibility for borrowers, with 68% of lenders noting that home insurance caused an issue related to a borrower’s debt-to-income (DTI) ratio.
  • Mortgage lenders could continue to face challenges with insurance related to DTI, mortgage eligibility, and delayed closings in 2024.