First Investors raises $497.5 million in vehicle financing
For the first time, the FIAOT shelf includes commercial vehicles originated through the SFS's Captive Program, extending vehicle financing to small business owners.
Securitization
Mortgage pool attached to Deephaven secures $296.2 million in RMBS
Full documentation was only applied to 2.6% of the underlying pool of mortgages. Debt-to-income, however, was 23.3% when it was applied.
Pagaya offers $586.2 million in consumer loan ABS
Before the transaction has amortization event, principal payments will enter full turbo during the deal's first 12 months.
Citigroup’s seasoned mortgage pool secured $1 billion in RMBS
Some 90.3% of the loans have had a clean payment history over the past 12 months, with a 1.3% delinquency rate.
Barclays pulls back on asset-based loans after MFS, Tricolor
The British bank is shifting its focus to loans and securitizations for larger corporates, and has already pulled back from a number of deals and increased pricing.
Wells Fargo raises $586.3 million in commercial mortgage conduit
Classes A through SB will receive principal until the balance is reduced to its intended level, then tranches A1, A4, A5 and A-SB certificates will receive principal payments sequentially.
Subprime lender Goeasy secures debt relief after share slide
The agreements leave Goeasy's revolving credit and securitization facilities in place, but interest spreads on both lines were increased by 100 basis points, and eligibility criteria were revised to exclude LendCare loans.
A Goldman-sponsored RMBS pool will raise $359.4 million
Most of the loans, 57.34%, are for cashout purposes and the entire loan pool are first-liens, and are of modest leverage, with an original cumulative loan-to-value (LTV) ratio of 69.74%.
Onslow Bay raises $789.6 million from its latest RMBS deal
The A1A and A1B tranches, rated 'AAA' from S&P and Kroll Bond Rating Agency, are expected to pay coupons of 5.31%.
SAGE Residential’s third CES securitization raises $247.8 million
The loans were underwritten primarily to full documentation standards, including one to two years of W-2 verification, or two years of personal and business tax returns for self-employed borrowers.
Credit9’s $122.4 million issuance is backed by debt settlement loans
The deal has a three-month prefunding period, which begins on its expected April 2 closing date, and assets transferred into the pool will be subject to concentration limits.
Santander’s mortgage pool to back $337.6 million in RMBS
Regardless of whether a trigger is in place, A-1FCF will always receive principal first until that balance is reduced to zero, and then to A-1LCF until it is fully paid off.
Capteris equipment leases support $436.9 million
Slated to close on March 24, the deal is Capteris' second 144A term securitization and has a stressed cumulative net loss rates ranging from 25.14% to 7.75%.
U.S. Bank hires Alan Flanagan to oversee global investment service
The global team combines industry-leading expertise to offer customized product solutions for clients in structured finance, collateralized loan obligations (CLOs) and alternative investments.
Deutsche Bank, UBS, SocGen calm on private credit exposures
The $1.8 trillion private credit market is witnessing an exodus of investors after some high-profile corporate blowups led to mounting concerns over loan quality and exposure to software firms.
Prime mortgages support $363.2 million in RMBS from RATE
RATE 2026-J1 has a seasoned probability of default of 6.4% and 1.3% on the 'AAA' and 'B' rating stress levels, respectively.
Bitcoin-secured consumer loans support $186 million in ABS
Borrowers' pledged currency remains held in custody and is ring-fenced. The collateral cannot be re-used to generate yield or secure any other type of financing.
Stress test on SRTs could help shed light on risks, BIS says
Use of the instruments … is growing, and was equivalent to around 2% or less of total bank loans in the European Union, US, the UK and Canada at end-2024.
Music royalty ABS hits a high note with investors
Steady cash flows are attracting new capital to music royalty investments, including securitization, as issuers pursue deals with a broader range of artists.
FIGRE Trust issues $335.7 million from pool of HELOC
FIGRE 2026-HF3 will repay noteholders on a pro rata basis but is subject to a provision that requires the deal to repay noteholders sequentially after a credit event.
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