Avis Budget will sell $500 million of ABS from third, fourth transactions of 2023
Two issuances will fund revolving pools of leases from various vehicle companies even as a looming recession may dampen travel demand.
Andrea Riquier
Contributor
Change Lending expects to float $307 million of low-doc loan MBS in May
While the mortgages from this Community Development Financial Institution lack income verification, the borrowers' credit is actually near prime, according to DBRS Morningstar.
GM Financial will sell $866 million of longer-dated ABS
The coming Fitch-rated deal has higher FICO scores than competitors' pools, but the auto sector faces headwinds.
Q2 RMBS demo strong performances, yet longevity risks linger
Low interest rates on 2021 and 2022 mortgages might mean low prepayment rates, exposing investors to duration risk on supported mortgage-backed securities.