Donna M. Mitchell

Auto and credit card securitizations benefited from more rational consumer behavior, whole CLO issuance remained strong for both new issuance and refinancing deals.

About 18.5% of borrowers in the mortgage pool were self-employed, a slightly lower level than the combined percentages for 2020 and 2021 deals.

Daimler AG’s subsidiary Mercendes-Benz Financial Services USA originated the closed-end vehicle leases.

Two lodging property loans in Alabama and South Carolina were taken out prior to COVID-19, and the loan on the Alabama property had been granted forbearance.

Air New Zealand and Delta Air Lines lead the list of large and small airline lessees whose contracts underpin the deal, which have contracts on 18 aircraft.

Pre-permission to operate (PTO) loans will comprise 10 percent of the Mosaic 2021-2’s underlying collateral, a dramatic increase from the Mosaic 2021-1 deal.

A portfolio of mixed-quality mortgage loans secures the deal, some of which adhere to ATR underwriting mandates from the CFPB.

ACC Trust 2021-1 is the issuer’s fifth transaction, and is backed by subprime auto leases extended directly to borrowers through its 68 owned dealerships

Progressive floats notes collateralized by single-family rentals, while GS Mortgage-Backed Securities Trust is secured by prime-jumbo and agency conforming loans.

The current deal is the eighth retail auto lease securitization from the registered lease securitization platform, which was established in 2013.

The $1 billion mortgage securitization is smaller than several recent deals, and features modified mortgages. But subordination supports senior notes.

The $319 million transaction has significant exposure to Puerto Rico, with outstanding issues, but benefits from solid enhancements.

The USQ Rail II Series 2021-3 is a master trust that will have two issuing entities, one registered for the U.S. and another for Canada.

Corporate loans to computer and electronics and business services companies support the largest industry concentrations in the first-lien, secured loans.

Citigroup Global Markets is lead underwriter on the fourth issuance through Toyota’s ABS Green Bond program. The deal references two potential pools to be securitized.

The transaction, GOOD 2021-3, finances consumer loans on solar panels, home efficiency improvements and smart home technology extended to prime borrowers.

A pool of subprime auto loans, new and used, and approved with a heavily automated, technology driven and multi-step process underpin a $559 million deal.

Alternate income verification underwriting techniques raised caution with the collateral, but experienced originators and servicers are also on the deal, raising confidence.

IPFS is one of the largest insurance premium finance companies, and regularly services ABS backed by loans extended to small- and medium-sized businesses.

MAPS Trust 2021-1's lease ABS notes, secured by a young and high-tech fleet, will be the third lease ABS transaction serviced by Merx Aviation since 2018