ABS

Lendbuzz closed a new $100 million committed warehouse facility, with a 12-month revolving period, and will bring its total warehouse capacity to $400 million.

Only about 1.0% of the mortgage assets in the collateral pool are for the respective borrowers’ personal use, and qualify as mortgages under Regulation Z.

The past few weeks have seen no fewer than five acquisitions of U.S. alternative credit shops that specialize in CLOs or bundles of the securitized vehicles.

LHOME represents Kiavi’s first deconsolidated deal, given the sale of residual interest. Kiavi sold 95% of the bottom residual class to an institutional investor.

Solar loans with balances of $5,000-$125,000, and Home Efficiency Loans, which have balances ranging from $1,000-$100,000, make up the bulk of the asset pool.

Based in New York, Benoist de Vimal will be responsible for managing aviation origination, including supporting MUFG's originate-to-distribute business model.

Pre-pandemic, risk vehicles totaled 99.5% of the program’s fleet, but a shift toward non-program vehicles is expected, as manufacturers prioritize auto dealerships.

The prospect of aggressive tightening has already led to a global bond rout this year, and the latest move in market bets follows comments of continued tightening.

Half of the loans were originated prior to the onset of the COVID-19 pandemic, and mainly in Q1 2020, while classes A and B have interest-only portions.

While the government is so far making payments, some have been delayed by banks doing lengthy checks that they aren’t breaching any restrictions.