Finance

Built around flexible capital that can grow alongside leading originators, the strategy will seek asset-based opportunities in North America first, then add European credit markets.

The deal faces a few upfront credit challenges, including the fact that the collateral's credit quality has weakened.

the mammoth size is also likely a harbinger of growing bill auctions ahead to help plug the federal budget deficit.

The securitization was also oversubscribed, with participation from more than 25 institutional investors, which will receive a blended fixed rate of 5.71%, the company said.

The forward-flow agreement with the lending fintech comes as home renovation spending surged during the first half of this decade.

Certain provisions in the deal allow for changes in the collateral pool, including allowing for discretionary substitutions of up to 2.0% of the number of properties.

While the CPSART program, especially the 2022 and 2023 series, was performing worse than its initial or revised expectations, the 2025-C collateral was relatively better.

Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales. 

Deal's trucking exposure could raise credit challenges as tariffs increase.

Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.

The firm's 11th deal jumps in size over last year's and offers new single-B risk.

President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there's a chance at a big payday for their firms.

The deal's weakening credit numbers follow timeshare trend.

The data center's highly rated tech-firm tenant remains a mystery.

The regulatory fate of TikTok, the largest tenant in New York City's One Five One tower, remains unknown.

A tariff-induced economic slowdown could dampen consumer debt payments.

FICO scores and credit enhancement slip in BHG's largest deal to date

Brookfield Asset Management and a private equity partner reached a friendly deal to take over First National Financial Corp., a mortgage company backed by Canadian billionaire Stephen Smith, for about C$2.9 billion ($2.1 billion).

Mostly prime Canadian consumers bolster securitized assets.

CLO and ABS issuance continues apace as spreads remain tight