IGS Solar raises $221 million from residential solar leases
A supplemental reserve account will be funded at closing with excess cashflows that are required to be deposited into the account over time, beginning in April 2034 until January 2039.
Finance
Fed will drop one interest rate vote next year; two in 2028
Federal Reserve Chair Kevin Warsh said the Federal Open Market Committee will continue to meet eight times a year, but one such meeting will not include an interest rate vote or an official policy statement.
SAGE Residential raises $463.8 million from closed-end second-line mortgages
The A1 class is broken down into three AAA-rated tranches, made up of initial exchangeable notes that can be exchanged for the exchangeable notes.
Foundation Finance raises $353.7 million from home improvement loans
FFIN 2026-2's notes will repay investors sequentially, other than during a class A credit enhancement period.
FICO holds price for commitments as Pulte plans more action
FICO announced it will maintain its mortgage industry price for credit scores through tri-merge resellers at $10 for members of its Preferred Program.
Unlock Tech raised $433.1 million amid tough bond rates week
The home equity agreements provider faced a week of the 10-year Treasury almost breaking through 5.35%, and a period of peaking mortgage rates.
Bankers Healthcare gets set to raise almost $400 million in ABS
The deal continues BHG's more recent streak of securitizing loans collateralized exclusively by consumer loans. The deal is the program's sixth term 144A securitization backed by consumer loans.
Lenders should prepare for shifts in mortgage REIT demand
Single-family mortgage real-estate investment trusts in the market for home loan assets face hurdles and selectively taking on leverage to keep buying.
PennyMac’s first all-investment property RMBS raises $298.1 million
Classes A1 through A3, which is composed of seven tranches, are expected to pay coupons of 6.39%.
UWM sheds MSRs to ease debt as origination margins slip
The company expects to report net income between $205 million and $220 million, with positive servicing results offset by an originations miss, analysts said.
Sudden CLO unwind at crescent wipes out owners of riskiest debt
Designating the loans as credit risks gave Crescent broader authority to sell them as it shrank the CLO, allowing it to liquidate the remaining portfolio without approval from subordinated noteholders.
ALLCU raises $243.7 million in prime auto ABS
A new cohort of lenders, Dort Financial Credit Union, Gesa Credit Union and Liberty Federal Credit Union originated the loans and contributed them to the collateral pool.
Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
EU nears securitization reform in bid to unleash billions
The framework, still needs to be finalized and formally endorsed, would reduce banks' capital requirements for low-risk deals and reduce administrative burden for market participants.
Non-prime mortgages power Angel Oak’s $250 million offering
A stop advance applies to first-lien loans that are delinquent by 180 days or more, while a stop advance requirement applies to second-lien loans that are delinquent by 60 days or more.
Bessent puts GSE exit on 2027-2028 agenda, boosting shares
The Treasury official's comments increased the price of the government-sponsored enterprises' stock even though he indicated there would be no near-term reform.
Surging yields bring biggest spate of debt sale delays this year
Morgan Stanley this month has struggled to attract demand for a $301 million commercial real estate bond tied to a data center in Kansas City.
Home equity contracts secure $250 million in ABS
The deal comes to market amid the home equity sector's rapid expansion, with equity accumulations of more than $35 trillion and homeowner reluctance to refinance their low-rate mortgages driving the boon.
America’s Car-Mart in talks for sale as subprime auto struggles
Discussions center around a deal that would be executed through a court-supervised Chapter 11 sale process or via a shareholder vote.
Ally’s auto delinquencies rise in tandem with originations
Ally Financial reported higher auto loan delinquencies and charge-offs in the third quarter, even as loan originations and applications grew. The mixed trends came amid persistent affordability pressures on consumers.
Load More
Couldn’t load more articles. Try again.