Bank of America Trust 2010-2 is in the market with a $1,002.1 million transaction. The offering is backed by automobile loans.
Preliminary details on the deal are available via the link below via the ASR Scorecards database.
American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.
Analysts expect the pool to be composed of receivables primarily from franchise dealers that offer indirect financing to consumers often overlooked by traditional financing sources such as banks.
Loans with original terms longer than 60 months now represent 71.7% of the pool, up from 70.4% in the prior deal.
American Banker's 2026 Predictions report finds that nonbank entities and check fraud are major threats to local banks in the coming months.
The whole business securitization will issue notes through four classes of A, B and C notes, and uses a master trust structure, so it can issue additional classes.