Chase’s latest prime RMBS pool will support $482.5 million in notes
Self-employed borrowers represent just 23.1% of the pool, and liquid reserves were $858,428 compared with 21.9% and $1 million.
Securitization
CarMax raises $600 million from used vehicle contracts
This series of CarMax Select Receivables notes is offering 8.42% in excess spread, a reduction from 9.85% on the CMXS 2026-A notes.
The latest CROSS mortgage securitization raises $500.3 million
The senior notes will repay investors pro rata, and the mezzanine and subordinate notes will repay sequentially.
OneMain Financial’s latest consumer loan pool raises $500 million
The deal includes a three-year revolving period when collections can be used to buy new collateral if it meets eligibility and reinvestment criteria.
Global Jet raises $659 million in aviation ABS
A delinquency test requires that excess cash pay down the notes sequentially if the aggregate delinquent loans represent more than 5.0% of the portfolio balance's average loan balance.
Kinetic raises $1.1 billion from fiber network contracts
The collateral pool includes more than 1.1 million passings across 10 states, with Georgia accounting for the largest percentage (31%).
Sequoia Mortgage brings $738 million in RMBS to market
Second homes account for 10.1% of the underlying collateral pool, the highest ratio seen in pools all year.
Thomas Hansen joins Canyon Partners as partner
Hansen will oversee all the firm's finance and operations.
Cherry Technologies raises $350 million with latest ABS
There is an optional redemption feature, which allows certificate holders to redeem the notes on any day on or after the fifth business day before the monthly payment date in July 2028.
Verus’ latest RMBS issuance raises $733.9 million
The capital structure includes first cash flow and last cash flow notes among the senior classes, and expected coupons include 5.64% on the A1A, A1B, A1FCF, A1LCF and A1 notes.
Conning: ABS remittance reports indicate consumer distress
Defaults have also bumped up, another problematic indication of stress for investors in securitizations of consumer loans.
By
John Hintze
New Residential raises $438.8 million in its latest MBS
NRMLT 2026-NQM7 combines pro rata and sequential payment priorities, with the class A receiving principal on a pro-rata basis before principal is paid to the mezzanine or class B notes sequentially.
Fora Financial returns to raise $130 million from business loans
The notes are expandable, allowing the issuer might increase the size of the current notes, up to a maximum of $500 million, if the new debt meets certain conditions.
Regular CLO issuers have stepped back from the market
New CLO entrants surge this year, especially in Europe where the arbitrage is attractive.
By
John Hintze
George Barbar joins fixed-income distributor InspereX
The hire comes in the wake of InspereX's announcement that it will acquire Financial Northeastern Securities and reflects InspereX's ongoing investment in expanding its distribution capabilities.
Scooter’s Coffee in first ABS capital raise for $375 million
Scooter's Coffee brand sells beverages through a network of 910 locations across 32 states, virtually all of which are franchises (98%), and sells coffee through various formats, including coffeehouses or endcaps with drive-thrus and kiosks.
Securitization standards evolve for mortgages, home equity
Certain private-label securities may get a lower risk weighting for bank capital and separately, second liens have new uniform guidelines for TRID.
Byzfunder’s business capital financings support $165 million in ABS
A revolving pool of business loans and merchant advances secures the deal, and the revolving period ends on May 31, 2029, about 36 months after the initial closing date.
Onslow Funding latest RMBS raises $517.7 million
The deal also includes a 120-day stop advance provision, which prevents it from forwarding any interest and principal on loans that are past 120 days delinquent.
MRE’s aircraft ABS aims to raise $612 million
The transaction's debt service coverage ratio (DSCR) was calculated from a three-month lookback window of cash flows, shorter than the ABS transactions pre-COVID 19.
Load More
Couldn’t load more articles. Try again.