Finance

The outlook for World Omni Auto Receivables Trust, 2019-C should hinge in part on the capabilities of World Omni in the role of originator, underwriter and servicer. So it is probably a boon to the deal that Fitch Ratings says it believes that the company is capable in all those roles.

A risk management model revision that decreased single-family loan-loss allowances and a strong mortgage lending environment contributed to consistent earnings results at Fannie Mae in the third quarter.

The portfolio of residential mortgage-backed, pass-through securities within the upcoming deal, TORRENS 2019-2, is considered prime but will have to rely on a number of credit supports to counteract some weaknesses in the underlying loans.

Freddie Mac will make haste to leave conservatorship in line with new regulatory directives, but it's uncertain how quickly it can move, CEO David Brickman said in an earnings call.

Prosper Marketplace Issuance Trust, 2019-4, is counting on a de-leverage transaction structure that will boost its credit enhancement levels over time, as it seeks to sell $138 million in securities backed by unsecured consumer loans.

Due to come to the market in November, Juniper Receivables 2019-2 DAC will issue about $2.1 billion in securities backed by retail auto loan contracts.

Pepper Residential Securities Trust No. 25 is relying on rigorous servicing to ensure the performance of its collateral of low-doc, high-loan-to-value loans made to borrowers with unfavorable credit records, according to details from an S&P Global presale report.

Triton Trust No.8 is issuing approximately A$500 million in pass-through securities backed by prime residential mortgages in Australia, with a substantial amount of loans that are made to investors, 40.4%, according to an S&P Global presale report.

Tetragon's announcement reveals the firm will complement its equity strategy by also focusing on the debt-note structure of deals, in hopes of gaining returns on the performance lowest-rated mezzanine and subordinate tranches.

When it comes to possible new competitors in the secondary market, the heads of the two current outlets more than welcomed the possibility of additional players in their space because of housing finance reform.

Ginnie Mae is looking for input on its proposed guidelines for electronic promissory notes and other mortgage documents that it plans to test through a digital collateral pilot.

Mosaic Solar Loan Trust 2019-2 is bringing to market $208 million in asset-backed securities that are secured by residential solar consumer loans.

Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.

The loans underlying the $465 million securitization that OBX 2019-EXP3 Trust is launching will provide a test of the market’s willingness to accept concentration risk in a high-quality pool of mortgages.

First-lien, prime residential mortgages are securing the Visio 2019-2 Trust, which will raise $202,682,000 from the market, and which has collateral that was funded by the Mortgage Pass-Through Notes, Series 2019.

In a hefty commercial mortgage-backed securities transaction, BANK 2019-BNK22 is preparing to launch a $2.3 billion deal secured by 58 CRE loans on a wide mix of properties, including co-ops, offices and multifamily.

The outlook for hotels and suburban offices is still questionable, but the prognosis for other property types in the securitized commercial real estate market remains fairly strong, according to Moody's Investors Service.

The PSMC 2019-3 Trust is bringing $298.6 million in notes to the market, backed by residential mortgages rounded up by subsidiaries of American International Group.

CommonBond is coming to the securitization market again with another trust that uses the highly selective prefunding period feature to issue notes backed by private, refinanced student loans.

CarMax Auto Owner Trust, 2019-4 is bringing $1.1 billion to the asset-backed securities market with slight decreases in overall credit enhancements. Yet those credit enhancement changes reflect a stronger pool of loans, not increased risk-taking.