IGS Solar raises $221 million from residential solar leases
A supplemental reserve account will be funded at closing with excess cashflows that are required to be deposited into the account over time, beginning in April 2034 until January 2039.
Securitization
SAGE Residential raises $463.8 million from closed-end second-line mortgages
The A1 class is broken down into three AAA-rated tranches, made up of initial exchangeable notes that can be exchanged for the exchangeable notes.
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.
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.
PennyMac’s first all-investment property RMBS raises $298.1 million
Classes A1 through A3, which is composed of seven tranches, are expected to pay coupons of 6.39%.
Sudden CLO unwind at crescent wipes out owners of riskiest debt
Designating the loans as credit risks gave Crescent broader authority to sell them as it shrank the CLO, allowing it to liquidate the remaining portfolio without approval from subordinated noteholders.
ALLCU raises $243.7 million in prime auto ABS
A new cohort of lenders, Dort Financial Credit Union, Gesa Credit Union and Liberty Federal Credit Union originated the loans and contributed them to the collateral pool.
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.
Non-prime mortgages power Angel Oak’s $250 million offering
A stop advance applies to first-lien loans that are delinquent by 180 days or more, while a stop advance requirement applies to second-lien loans that are delinquent by 60 days or more.
Surging yields bring biggest spate of debt sale delays this year
Morgan Stanley this month has struggled to attract demand for a $301 million commercial real estate bond tied to a data center in Kansas City.
Home equity contracts secure $250 million in ABS
The deal comes to market amid the home equity sector's rapid expansion, with equity accumulations of more than $35 trillion and homeowner reluctance to refinance their low-rate mortgages driving the boon.
America’s Car-Mart in talks for sale as subprime auto struggles
Discussions center around a deal that would be executed through a court-supervised Chapter 11 sale process or via a shareholder vote.
Goldman offers $297.2 million in non-QM RMBS
Classes A-1FCF and A-1LCF, the first-and last-cash flow tranches, will receive sequential payments, while the A-1A and A-1B certificates will be repaid on a pro rata basis.
EU officials propose guardrails for insurance SRT boom
Insurers' unfunded significant risk transfers should meet a set of extra solvency criteria to ensure stability if policymakers back the most lenient bank-capital treatment.
B of A: Agency MBS issuances to decline by 16% in 2027
Persistently high mortgage rates will shrink securitization volume by dampening home sales and pushing more buyers toward all-cash purchases.
Sequoia Mortgage’s prime pool supports $341.6 million in RMBS
The SEMT 2026-S1 loan count is slightly larger, compared with 671 loans in the SEMT 2025-S2, but they have a lower average loan balance, which seems to track with borrowers' lower median income.
Servicers must watch non-QM as negative outcomes grow
While positive results, including cures and resumed payments, still outpace the poor ones, the gap in the most recent dv01 study narrowed from 12 months prior.
Pizza Hut holds early investor talks before possible bond sale
The potential offering is expected to be a whole business securitization, where a company essentially borrows against its cash-generating assets.
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