| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| STUDENT LOAN ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Morgan Stanley | 1,540.6 | 1 | 54.2 | 1 |
| Citigroup | 650.0 | 2 | 22.9 | 1 |
| UBS | 650.0 | 2 | 22.9 | 1 |
| Industry Total | 2,840.6 | – | 100.0 | 2 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
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.
Upstart Network raises $400 million from consumer loans
Upstart's grade E loans account for 47.1% of the collateral pool, compared with 43.3% in the UPST 2026-3, while the concentration of 60-month loans is also lower.
PowerPay’s latest consumer loans pool leans heavily to home improvement
Raising $350.2 million in notes, the transaction has borrowers with higher credit quality, though the notes have less excess spread.
Home improvement loans secure $389 million in ABS from GoodLeap
GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
SoFi’s latest consumer loan ABS, raising $460 million, has higher earners
Most borrowers, 61.2%, fall within SoFi Bank's highest tiers 1 and 2, and they have a WA income of $156,504.That's an improvement from their earnings on SCLP 2026-3.
