ASR_12_19_12
More From Asset Securitization Report
Post-2022 loans drive 43% of foreclosure starts; act early
Loans originated in 2022 or later accounted for 43% of September's foreclosure starts and 49% of completed sales, according to the ICE's first look report.
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.
Robinhood Credit’s card portfolio to support $500 million in ABS
The predominant portion of receivables in the trust portfolio is composed of receivables from the Robinhood Gold Card program, which the company launched in March 2024.
Fed’s Jefferson: discount window reforms help Treasury market
The Federal Reserve's vice chair outlined the ongoing modernization efforts for the central bank's lending facility of last resort, including coordination with the Federal Home Loan Banks.
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%.
