Consumer ABS

We are one year deeper into an already extended credit cycle, so it’s even more important to focus on market complacency.

Calling a $149 million transaction and securitizing the notes allows Goal Structured Solutions to benefit from a reduction in spreads since 2016.

Both Kroll and S&P expect losses on collateral in the subprime consumer lender's latest deal to be higher than its 2017 deals; Kroll alone assigned a lower rating to the senior tranche.

It's the first time any of the rating agencies has assigned an AAA for any securitization of consumer loans by a marketplace lender.

Starting next year, the servicing giant plans to go after some of SLM Corp.'s best borrowers – at least with refinance student loans.

A "second look" finance partner for retailers like Home Depot and Sears Home Pro is offering $167.3M in bonds secured by receivables on high-interest cards and installment accounts.

Like recent Federal Education Loan Program securitizations from Nelnet and Navient, it has meaningful exposure to rehabbed loans and loans in income-based repayment plans.

The $286.4 million deal is an important test for Upgrade, which has raised $142 million of equity over the past two years but has yet to turn a profit.

Refinance loans account for just 21% of the collateral, and even among those borrowers, just under half have advanced degrees.

Auto loan securitization has been in overdrive this year, even if the global tussle over import tariffs is injecting a note of caution.