Hildene, which partners with Crosscountry Mortgage for non-QM securitizations, is doing this deal as part of its buy of an annuity provider, SILAC.

Dext ABS 2025-2 includes a prefunding account with an amount of $65 million, or 15.0% of the collateral's total combined balance.

Federal Reserve watchers expect a board of governors vote in February to reappoint the 12 regional Fed bank presidents — which is typically treated as a formality — to be the next flashpoint in the White House's effort to bring the central bank to heel.

Merchant's notes have several key credit strengths, including that vehicle fleet lease securitization pools have had very low delinquencies and losses historically.

No subordinate notes—the class M notes, essentially—will receive any principal payments until the senior class A notes have been paid down to zero.

The Trump administration's decision not to seek funding for the CFPB and transferring remaining enforcement cases to the Department of Justice were cited as reasons for the resignation of Michael G. Salemi, who took over as CFPB enforcement chief earlier this year.

Enpal issues the first European public securitization for heat pumps and solar panels.

Delinquency trends split in Q3, with securitized and agency loans showing more strain while banks and life companies saw small improvements amid uneven vacancy and rent conditions.

The Government Accountability Office has agreed to investigate Federal Housing Finance Agency Director Bill Pulte for allegations of misuse of power and violations of federal privacy laws

Levkowitz is known in the capital markets for founding Signal Hill Holdings, and as managing partner of Penn Properties, a real estate investment firm.

After the prefunding period, up to 7.50% of the total pool balance will consist of collateral from earlier transactions or newly acquired assets, timeshare loans.

New securitization volume should surpass 2024 business by 16%, after getting a boost from consumer asset-backed securities (ABS) classes and do $948 billion in new business in 2026.