Donna M. Mitchell

The trust includes a 36-month revolving period that will allow it to purchase additional receivables as it collects principal.

The varied portfolio includes loans with strong credit profiles, a WA FICO score of 734 and an original, combined loan-to-value of 68.3%.

Dryrock’s collateral maintained strong performance numbers for the past 12 months, with higher monthly payment rates and fewer chargeoffs compared to last year.

Obligor concentrations are unique compared to other equipment-finance ABS, but outside the top 20 obligors the pool aligns with traditional small-ticket deals.

From the interest rates on the underlying vehicle leases to the benchmark and hedges on the notes issued from the trust, the deal has no Libor exposure.

Known as MOHELA 2021-3, the trust will issue a mix of fixed- and floating-rate notes from a capital structure with three tranches, or note classes.

A majority of the deal was underwritten to a less-than-full documentation standard, but meets ATR standards. Almost half of the loans are on California homes.

All but 501 of the loans in the pool were assessed following the new general QM rule. Otherwise, the pool is largely comprised of jumbo, prime loans.

The underlying loans in the collateral pool is nearly sterling in quality, with full-documentation underwriting, and WA loan seasoning of 30-plus months.

The deal appears to take advantage of a shift in federal rules reducing the level of non-owner-occupied loans Fannie Mae and Freddie Mac can purchase.

Hailing from Canada, the upcoming credit card deal will draw from a pool with very low rates of delinquency, total net losses and charge offs.

The proceeds from the trust’s certificates will refinance some CMBS debt, among other balance sheet uses.

The GS Mortgage-Backed trust consists of about 1,219 loans and plans to issue notes from a pool that has an aggregate principal balance of about $325.3 million.

The collateral mortgage were underwritten through the CFPB's ATR rules, and captures self-employed, prime and super prime borrowers, and even foreign nationals.

Facebook is leasing two buildings that offer 542,680 square feet of prime office space in the Spring district of Bellevue, Washington, now under redevelopment.

Virtually the whole collateral pool will be comprised of senior secured loans, cash and eligible investments ultimately benefiting software, hotel and leisure.

Henry Brigham, Willis Hwang and David Knecht bring a combined 43 years of corporate trust experience to the Wilmington Trust team.

Credit performance to LL ABS deals has been better than expected, as financial support to borrowers made exxtra cash available to pay down on other obligations.

In a first for the EART program, the collateral will include loans originated through a third-party direct lender.

Credit enhancement ranges from 24.7% on the most senior class of notes to 1.5% on the most subordinate class.