| 2013 | 2012 | 2011 | |
|---|---|---|---|
| ABS (Public + 144A) | 43,726.3 | 27,529.1 | 16,541.2 |
| ABS (Public + 144A excluding CDOs) | 32,098.2 | 25,316.4 | 15,421.4 |
| ABS (Public Only) | 23,765.9 | 20,413.3 | 8,977.3 |
| ABS (144A Only) | 19,960.5 | 7,115.8 | 7,564.0 |
| Non-Agency MBS | 19,648.6 | 4,441.3 | 9,738.4 |
| Agency MBS | 23,258.9 | 39,999.8 | 51,625.1 |
| CMBS | 18,880.2 | 1,709.8 | 7,580.0 |
Proceeds will allow Abacus to originate more policies and fund general corporate operations. The transaction is also part of Abacus' shift toward recurring, fee-related revenue.
Most of FIAOT 2026-2's assets, 69%, were originated through Stellantis' Captive Program, which allows small business owners to purchase commercial vehicles for personal or business use.
The private placement deal was a huge leap in value from its inaugural securitization in October 2024, when it raised $150 million.
The move solidifies the convergence of securitization, and the techniques that make the deals operate, with other financing solutions.
The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
Some current residential mortgages could face higher capital charges, prompting a shift into securitization portfolios.
