More From Asset Securitization Report
Renovation financing opportunities await lenders, survey finds
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
Reach Financial’s latest consumer loan ABS raises $440 million
If a cumulative net loss ratio amortization event occurs, then Reach 2026-3 will enter full turbo mode, a phase when the transaction will use all available funds to sequentially pay down the outstanding notes.
Household debt at a high, risks lurk beneath stable arrears
Serious delinquency transitions in older mortgages inched up, hinting at the impact of an FHA rule change's impact in conjunction with other stressors.
Pagaya raises $340 million to call on previous ABS series
The proceeds from PAID 2026-R2 will fund a purchase account, which will purchase unsecured consumer loans from PAID 2024-2 and 2024-3.
Increasing non-qualified mortgage delinquencies remain within bounds
Losses stemming from the 2022 vintage have been offset by excess spread, while cure and roll rates signal caution.
By
John Hintze
