ABS

Older bank-owned loans, part of the Federal Family Education Loan Program, are repackaged into bonds that trade in the asset-backed securities market.

The offering is the latest securitization in the fertile automobile ABS market

Both used and new cars make up the collateral in COPAR 2022-1

Sunrun, which is one of its largest players in the solar panel industry, plans an asset-backed security that pools loans tied to residential solar leases and power purchase agreements.

The most profitable and largest used-car retailer has had more than a dozen ABS in the last four years.

DBRS Morningstar says COVID's impact should not stress the ABS.

First social bond will serve rural borrowers who mostly earn under $50,000 in net income per year.

KBRA says the Southern subprime used-vehicle retailer’s experience brings credibility to the space

The drop in CLO issuance from Q1 volume raised no alarms, coming off last year’s record $187 million issuance, and experts see strong production for 2022.

Gross charge-offs on the underlying card accounts were 2.48%, through the twelve-month (TTM) period, a notable drop from 4.43% in the same period a year earlier.

Higher mortgage rates are adding to pressure on would-be buyers in a market where purchase prices are still skyrocketing two years into the pandemic housing boom.

An overly aggressive path of hikes to combat the spiraling cost of living may backfire. Bringing inflation down to 2% could push unemployment to nearly 10%.

The loans in the pool, all of which are fixed-rate and first lien, have an average balance of $426,504, and the top five loan balances account for 3.4% of the pool.

Proceeds from the deal will purchase the loan assets and fund the reserve account.

Almost all of the underlying loans had been pooled in Ginnie Mae MBS deals, but the loans had been repurchased after they became seriously delinquent.

The March CPI reading represents what many economists expect to be the peak of the current inflationary period, the impact of soaring food and energy prices.

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.