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As the bank's stock keeps lurching lower — dropping 49% on Tuesday and 30% on Wednesday — regulators have so far refrained from stepping in.

The deal has a higher percentage of open bankruptcy assets, and the level of called collateral is 10.6%, which should actually slip to 8.0% of the final pool.

Underwriting league tables of asset-backed securities through April 27, 2023

Issuance volume of asset-backed securities for the year through April 27, 2023

Sunrun will issue the notes off of a portfolio of 25,789 leases and PPAs associated with solar instillations, some of which include storage equipment, extended to prime borrowers.

Consumers are receiving demand letters on loans they have not had any communication about in at least 10 years, the regulator said.

On Friday, Federal Reserve Vice Chair for Supervision Michael Barr will share findings from his review of the supervision of Silicon Valley Bank before its failure last month.

The California bank, which endured large deposit outflows in March, anticipates selling its $2.7 billion lender finance portfolio in the coming months. It's also looking at cutting facilities, employee headcount and vendor costs.

Bank commercial and industrial loan growth looks on track to drop around 5% in the last three months of the year and about 10% in the first quarter of 2024, near levels associated with a recession.

The current transaction—the platform's seventh Rule 144A deal—includes a 'AAA' note class, does not have a pre-funding period, and has a higher net recovery rate over the previous deal.