Finance

Fitch Ratings said Tesla Finance enters the residential solar finance ABS arena with underlying loans that have the highest WA FICO score presented to it for a rating.

The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.

Total initial hard credit enhancement decreased compared with GCAR 2024-3, subordination for class A notes was unchanged at 48.2%.

So-called Trump trades seesawed as investors sought hedges before election day, only to pile back in as the results became clear.

All AHART 2024-1's assets are backed by a pool of prime-quality auto loans and retail installment sales contracts, which the lender originated either directly or through relationships with franchised motor dealer channels.

Fitch also noted that the loan pool consists primarily of 30- to 40-year fully amortizing loans, accounting for 88.5% of the pool balance.

The contracts and installment loans were extended to prime and non-prime borrowers, most of which (81.49%) are financing new vehicles as of the deal's closing date.

Acquisition-financing securitization takes hold while AI and escalating data centers drive energy deals.

A reserve account is initially 0% at closing. The target will shift between 1%, 2% and 3%, depending on whether the three-month average excess spread falls below certain thresholds.

The yield on 10-year Treasuries rose as much as five basis points to 4.33%, nearing an over three-month high, with strategists and investors warning of outsized market swings on the results of the vote.