SFA spearheads partnership to create digitized ABS doc platform
VeriCORE's development follows two bankruptcies in the auto lending and ABS sector, amid fraud allegations, that highlighted the need for strong collateral controls.
Securitization
Aven’s HELOC assets secure $304.1 million in ABS
Aven Simple Loans, as the pool of designated receivables is known, is composed of 6,786 draws from 5,767 HELOC credit card accounts, all of which are exempt from Ability-to-Repay rules.
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.
Castlelake first commercial real estate CLO raises $1.1 billion
The collateral pool includes 26 collateral interests backed by 26 commercial multifamily, industrial, hospitality, self-storage, and student housing properties.
AmeriHome Mortgage’s prime assets support $391.4 million in RMBS
Super senior tranches benefit from credit enhancement of 15.03%, KBRA said. Senior notes that are not interest only—A19 through A25—benefit from credit enhancement levels of 8.20%.
BlackRock related trust offers $1.1 billion in CMBS
The pool is primarily composed of multifamily mortgages, but includes a range of properties, and one third of the pool structured with future funding.
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.
Santander raises $1.3 billion in ABS auto amid corporate, ABS shifts
A new originator and acquirer is on tap for the SDART program, and comes to market under Rule 144A, unlike previous Santander transactions.
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.
Lenders tighten credit as rate hikes shrink refi market
Among the products disappearing from menus in September included those for cash-out refis and investor home purchases, the Mortgage Bankers Association said.
Student lender collapses as immigrant crackdown roils loan book
The company has more than $400 million of outstanding ABS, and is now in talks with creditors over what happens to its remaining assets and operations.
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.
Harvest’s small business loans raise $93.1 million in ABS
The 306 loans are primarily first-lien, small balance business loans secured by commercial real estate properties, and other collateral related to the mortgage property.
GPU financing filters into ABS with Stonebriar, Wingspire deals
While much of the borrowing for the AI buildout has gone toward data-center construction, increasingly large debt packages are now being arranged to finance the chips.
Pennymac adopts VantageScore as bi-merge debate heats up
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
Wells Fargo servicer ratings downgraded on portfolio shift
Fitch Ratings, noting the reduction in Wells Fargo's balances and sale of non-agency servicing, said the bank no longer meets expectations at its old grade.
Stream gets set to raise $255.6 million from home remodeling revenue
The deal will repay due principal on a pro rata basis if the class A credit enhancement is satisfied, no cumulative net loss trigger event has occurred, and no pool balance amortization event is in effect.
Pennymac, UWM, loanDepot lag in RMBS issuance as Rocket grabs share
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
Flagship Finance’s subsidiary raises $288 from a pool of used vehicles
The deal will sell the notes through five tranches of class A, B, C, D and E notes. Classes A and B have legal final maturity dates of Nov. 15, 2030 and July 15, 2032, respectively.
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