Goldman offers $297.2 million in non-QM RMBS
Classes A-1FCF and A-1LCF, the first-and last-cash flow tranches, will receive sequential payments, while the A-1A and A-1B certificates will be repaid on a pro rata basis.
Finance
EU officials propose guardrails for insurance SRT boom
Insurers' unfunded significant risk transfers should meet a set of extra solvency criteria to ensure stability if policymakers back the most lenient bank-capital treatment.
B of A: Agency MBS issuances to decline by 16% in 2027
Persistently high mortgage rates will shrink securitization volume by dampening home sales and pushing more buyers toward all-cash purchases.
Sequoia Mortgage’s prime pool supports $341.6 million in RMBS
The SEMT 2026-S1 loan count is slightly larger, compared with 671 loans in the SEMT 2025-S2, but they have a lower average loan balance, which seems to track with borrowers' lower median income.
Servicers must watch non-QM as negative outcomes grow
While positive results, including cures and resumed payments, still outpace the poor ones, the gap in the most recent dv01 study narrowed from 12 months prior.
Pizza Hut holds early investor talks before possible bond sale
The potential offering is expected to be a whole business securitization, where a company essentially borrows against its cash-generating assets.
SFA spearheads partnership to create digitized ABS doc platform
VeriCORE's development follows two bankruptcies in the auto lending and ABS sector, amid fraud allegations, that highlighted the need for strong collateral controls.
Home equity deal shows VantageScore viable for RMBS ratings
A fintech's transaction is the first to go through S&P Global's preliminary rating process with VantageScore 4.0 used to underwrite for 100% of the loans.
Aven’s HELOC assets secure $304.1 million in ABS
Aven Simple Loans, as the pool of designated receivables is known, is composed of 6,786 draws from 5,767 HELOC credit card accounts, all of which are exempt from Ability-to-Repay rules.
Fiber network contracts secure $2.1 billion from HW Bulk Issuer raises
The deal structure includes a liquidity reserve account that will keep on hand six months of fixed direct costs, fees and interest on classes A and B notes, and $8 million.
Castlelake first commercial real estate CLO raises $1.1 billion
The collateral pool includes 26 collateral interests backed by 26 commercial multifamily, industrial, hospitality, self-storage, and student housing properties.
AmeriHome Mortgage’s prime assets support $391.4 million in RMBS
Super senior tranches benefit from credit enhancement of 15.03%, KBRA said. Senior notes that are not interest only—A19 through A25—benefit from credit enhancement levels of 8.20%.
BlackRock related trust offers $1.1 billion in CMBS
The pool is primarily composed of multifamily mortgages, but includes a range of properties, and one third of the pool structured with future funding.
Stability prevails in RTL sector, yet regulatory concerns linger
Credit and structural performance have remained steady in residential transition loans, despite fluctuating balances, though some regulatory risks persist.
Santander raises $1.3 billion in ABS auto amid corporate, ABS shifts
A new originator and acquirer is on tap for the SDART program, and comes to market under Rule 144A, unlike previous Santander transactions.
Commercial truck equipment feels economic pressure
Fitch says asset performance is expected to deteriorate, but asset-backed securities (ABS) tied to trucking equipment should remain stable, thanks to robust credit enhancement in the deal structures.
Eagle Credit issues two ABS card note series totaling $450 million
In both pools, Fitch finds that gross yields remained strong at 26.49%, up from 25.74% a year ago. Also, the monthly payment rate increased to 64.57%, an increase from 63.82% a year prior.
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
Student lender collapses as immigrant crackdown roils loan book
The company has more than $400 million of outstanding ABS, and is now in talks with creditors over what happens to its remaining assets and operations.
Capital markets fintech dv01 launches agentic platform
Companies can now run collateral analysis and cashflow projections in their own AI environments, using systems including Claude and ChatGPT.
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