NYC’s next tax lien ABS features lower exposure to vacant lots
New York City's next securitization of property tax liens features less exposure to vacant lots, which is generally considered to be a riskier asset than liens on commercial, residential or industrial property. Just 5.1% of the 3,554 tax liens totaling $ 91 million that back the transaction, NYCTL 2018-A Trust, are vacant lots, according to…