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.
ABS
Unlock Tech raised $433.1 million amid tough bond rates week
The home equity agreements provider faced a week of the 10-year Treasury almost breaking through 5.35%, and a period of peaking mortgage rates.
Bankers Healthcare gets set to raise almost $400 million in ABS
The deal continues BHG's more recent streak of securitizing loans collateralized exclusively by consumer loans. The deal is the program's sixth term 144A securitization backed by consumer loans.
Enterprise Fleet Financing aims to sell $1 billion in ABS
Smaller and largely unrated non-investment grade entities compose the assets, but the historical managed portfolio and securitized delinquencies and losses remain low, even during recessions.
EU nears securitization reform in bid to unleash billions
The framework, still needs to be finalized and formally endorsed, would reduce banks' capital requirements for low-risk deals and reduce administrative burden for market participants.
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.
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.
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.
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.
Accelerate Infrastructure raises $450 million
The private placement deal was a huge leap in value from its inaugural securitization in October 2024, when it raised $150 million.
Mayer Brown’s Hogan joins Gibson Dunn as partner
The move solidifies the convergence of securitization, and the techniques that make the deals operate, with other financing solutions.
Wingspire’s third securitization raises $407 million in bonds
The deal's obligor concentrations—its top and top five obligors account for 9.45% and 37.95% of the pool—are reigned in by WEF's focus on mission-critical essential use equipment.
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%.
Math instruction centers support $330.5 million in ABS from Mathnasium
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
OnDeck prepares to raise $500 million from small business loan pool
ODAS IV 2026-1 will issue expandable term notes, so that at any time during the revolving period the issuer can periodically upsize the notes to a maximum of $626 million.
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.
Unsecured consumer loans from Affirm will back $750 million in notes
The series AFRMT 2026-4 and AFRMT 2026-5 have virtually identical capital structures, but have legal final maturity dates of Sept. 17, 2035, and Sept. 15, 2037, respectively.
Equipment contracts secure Barings’ latest ABS, raising $1 billion
The 2026-B notes have a total initial hard credit enhancement of 10.00%, compared with 9.60% from the previous deal, the 2026-A.
Guggenheim seeks to reassure clients of commercial-paper unit
Some investors have looked to buy only shorter-term commercial paper from Guggenheim, while a smaller portion of backers have paused trading the firm's products
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