Securitization

The underlying assets have an original weighted average CLTV ratio of 70.4%. Assets with original CLTV ratios exceeding 80% represent 26.1% of the pool's balance.

Lathrop was named interim CEO of the warehouse finance and securitized products business in August, and comes from a long history with Citigroup, including co-head of its global securitized markets.

Two-year yields — more closely tied to the Fed's decisions than longer-maturity debt — reached the highest level since July, and three- to 30-year yields rose at least 10 basis points.

Fitch Ratings said Tesla Finance enters the residential solar finance ABS arena with underlying loans that have the highest WA FICO score presented to it for a rating.

Total initial hard credit enhancement decreased compared with GCAR 2024-3, subordination for class A notes was unchanged at 48.2%.

So-called Trump trades seesawed as investors sought hedges before election day, only to pile back in as the results became clear.

All AHART 2024-1's assets are backed by a pool of prime-quality auto loans and retail installment sales contracts, which the lender originated either directly or through relationships with franchised motor dealer channels.

Fitch also noted that the loan pool consists primarily of 30- to 40-year fully amortizing loans, accounting for 88.5% of the pool balance.

The contracts and installment loans were extended to prime and non-prime borrowers, most of which (81.49%) are financing new vehicles as of the deal's closing date.

Acquisition-financing securitization takes hold while AI and escalating data centers drive energy deals.