ABS

The National Credit Union Administration, a government-backed insurer of credit unions classifies Veridian as "well capitalized," which helps mitigate some risks associated with its lack of securitization experience.

Rising demand and aircraft shortages are pushing up lease income, which is expected to continue tightening spreads for issuers.

Cadma Capital Partners will provide asset-backed financing to venture- and growth-lenders, high-growth companies, and financial sponsors.

The deal is the second one for this year, a different tack for a program that has appeared once annually in the past.

The pool is also granular and diverse, with the top 13 insurance companies accounting for 28.3% of the pool balance.

Compared with several previous Verus Securitization deals dating back to Verus 2022-8, the current transaction has the highest concentration of ARMs, at 33.9%.

Annualized excess spread and a cash spread account should mitigate concerns around the timing of cash flow to the trust and the collateral's assumed discount rate, says DBRS.

Since the previous deal from the master trust, the number of Hotwire Communications sites has increased from 515 to 675, and key performance metrics have improved.

Fed Chair Jerome Powell has been focused on so-called supercore CPI – core prices excluding housing – because he sees this segment of the services industry affected by a tight labor market.

Loans that have yet to be originated must adhere to limitations. No more than $719,870 of originations can consist of loans made to students attending proprietary schools.