Morgan Mortgage Trust 2019-HYB1 (JPMMT 2019-HYB1) is a prime RMBS transaction comprising 703 hybrid adjustable-rate mortgages (ARMs) with an aggregate principal balance
of $557.5 million as of the August 1, 2019 cut-off date.
The Horizon Funding Trust 2019-1 securitization is a private securitization under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act in which Horizon expects to sell a pool of loans with an aggregate principal balance
of approximately USD 160 million to a securitization trust and receive proceeds from the issuance and sale of rated notes.
iPic expected to draw down a "substantial portion" of the remaining principal balance
of the credit facility to make the interest payment.
While Walmart cards currently make up 12.2% of the principal balance
of the Fitch-rated Synchrony Credit Card Master Note Trust pool as of March 2018, we do not anticipate the expiring contract to have negative impact on the outstanding ratings of the notes.
The sale consists of approximately 21,400 loans, having an unpaid principal balance
of approximately USD 4.4bn, and is available for purchase by qualified bidders.
As long as they made their payments on modified loans on time, they could receive a $1,000 reduction in the principal balance
of their loans in each of the first five years.
Such terms could be one or a combination of: a longer repayment period, lower interest rates, condonation of interest and penalties (if any) or reduction of the principal balance
The repricing is expected to generate annualized interest expense net savings of approximately USD14 million based on the current principal balance
In the first quarter of 2015, the company repurchased USD63 million (principal balance
) of convertible notes outstanding.
The loan, secured by a town home development on 158,994 s/f of land, had an unpaid principal balance
The Class A and Class B Notes are backed by MYR 287.20 million of principal balance
on the HP receivables and MYR 48.83 million of available cash.