| ABS SECTOR CLOSE-UP | |||||||||||||||||||
| Year to date as of Nov 26 | |||||||||||||||||||
| Coupon Type | Market | Average Life Buckets | |||||||||||||||||
| Asset Class | Volume Pub/144A | Fixed Rate | Floating Rate | Public | 144A | 0.0 to 0.9 | 1.0 to 2.9 | 3.0 to 5.9 | 6.0 to 7.9 | 8.0 to 11.0 | |||||||||
| Aircraft Leases | 3,229 | 2,202 | 1,027 | 3,229 | 2,202 | 457 | 361 | 208 | |||||||||||
| Auto Loans/Recs | 74,217 | 57,538 | 16,680 | 70,473 | 3,744 | 22,339 | 37,673 | 13,945 | 125 | 113 | |||||||||
| Cash | 599 | 249 | 350 | 599 | 599 | ||||||||||||||
| Commercial Loans | 311 | 188 | 123 | 311 | 311 | ||||||||||||||
| Corp Bond/Note | 5,073 | 1,743 | 3,297 | 5,073 | 2,710 | 750 | 468 | 1,144 | |||||||||||
| Corporate Loans | 7,769 | 574 | 7,160 | 7,769 | 2,095 | 1,206 | 161 | 2,392 | 1,891 | ||||||||||
| Credit Card Rec | 62,351 | 17,611 | 44,740 | 61,369 | 981 | 20,219 | 5,408 | 32,223 | 2,000 | 2,500 | |||||||||
| Equip Loans | 177 | 177 | 177 | 177 | |||||||||||||||
| Equip. Leases | 9,128 | 5,167 | 3,960 | 6,684 | 2,443 | 3,230 | 4,743 | 1,080 | 75 | ||||||||||
| Floorplan Recs | 7,446 | 2,132 | 5,314 | 6,610 | 836 | 2,132 | 1,790 | 3,524 | |||||||||||
| Franchisee Loans | 228 | 228 | 228 | 109 | |||||||||||||||
| Home Impr Loans | 8 | 8 | 8 | 8 | |||||||||||||||
| Junk Bonds | 6,167 | 954 | 5,212 | 6,167 | 1,966 | 1,743 | 2,458 | ||||||||||||
| Leases | 1,388 | 1,388 | 1,388 | 760 | 178 | ||||||||||||||
| Loans | 2,998 | 2,998 | 2,998 | 2,998 | |||||||||||||||
| Mnfrd Housing Ct | 714 | 593 | 121 | 575 | 139 | 103 | 186 | 11 | 359 | ||||||||||
| Mutual Fund Fees | 342 | 116 | 226 | 342 | 342 | ||||||||||||||
| Non-Jumbo Mtg Ln | 71,513 | 24,385 | 43,808 | 64,125 | 7,388 | 31,130 | 17,247 | 21,334 | 1,344 | 275 | |||||||||
| Oil Receivables | 750 | 750 | 750 | 750 | |||||||||||||||
| Preferred Sec | 2,061 | 651 | 1,385 | 2,061 | 854 | 108 | 177 | 921 | |||||||||||
| Prv Issued Sec | 1,899 | 1,159 | 615 | 198 | 1,701 | 1,899 | |||||||||||||
| Rental Car Rec. | 4,125 | 2,400 | 1,725 | 1,000 | 3,125 | 1,500 | 460 | 2,165 | |||||||||||
| Rev Cred/Home Eq | 203,334 | 82,754 | 109,397 | 183,141 | 20,193 | 86,694 | 64,196 | 46,263 | 4,030 | 1,925 | |||||||||
| Sm Business Loan | 1,045 | 1,045 | 1,045 | 401 | 644 | ||||||||||||||
| Struc Fin Credit | 24,810 | 5,045 | 19,728 | 24,810 | 11,154 | 758 | 4,077 | 5,087 | 3,652 | ||||||||||
| Student Loans | 36,963 | 1,900 | 28,601 | 30,193 | 6,770 | 11,281 | 5,939 | 9,685 | 7,020 | 1,926 | |||||||||
| Tax Liens | 86 | 86 | 86 | 86 | |||||||||||||||
| Ticket Rec | 220 | 10 | 210 | 220 | 220 | ||||||||||||||
| Timeshare Loans | 848 | 715 | 133 | 848 | 170 | 678 | |||||||||||||
| Tobacco Receives | 154 | 154 | 154 | 154 | |||||||||||||||
| Trade Recs | 225 | 105 | 120 | 225 | 225 | ||||||||||||||
| Unspecified/NA | 667 | 542 | 125 | 667 | 667 | ||||||||||||||
| Note: Figures are preliminary and subject to change. Data includes U.S. deals and dollar Euro 144As.Source: Thomson Financial | |||||||||||||||||||
More From Asset Securitization Report
Robinhood Credit’s card portfolio to support $500 million in ABS
The predominant portion of receivables in the trust portfolio is composed of receivables from the Robinhood Gold Card program, which the company launched in March 2024.
Proprietary reverse loans overtake HECMs for 54% market share
Lenders reported July declines of HECM endorsements and new securities issuances, but proprietary lending drove a 28% year-over-year surge in originations.
Pagaya’s auto loans secure $574.7 million in ABS
The current transaction issues an additional series of notes, which will be paid to noteholders after it reaches the overcollateralization targets for the other notes.
Foreclosure filings up 18% from a year ago
Foreclosure filings were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from a year ago.
Lendmark Financial floats $300 million in ABS
The weighted average, base-case annualized gross loss declined from 11.78%, from 11.86%, because of minor changes in its assumptions of pool segment defaults.
