Securitization

Certain provisions in the deal allow for changes in the collateral pool, including allowing for discretionary substitutions of up to 2.0% of the number of properties.

While the CPSART program, especially the 2022 and 2023 series, was performing worse than its initial or revised expectations, the 2025-C collateral was relatively better.

Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales. 

Deal's trucking exposure could raise credit challenges as tariffs increase.

The firm's 11th deal jumps in size over last year's and offers new single-B risk.

The deal's weakening credit numbers follow timeshare trend.

The data center's highly rated tech-firm tenant remains a mystery.

The regulatory fate of TikTok, the largest tenant in New York City's One Five One tower, remains unknown.

A tariff-induced economic slowdown could dampen consumer debt payments.

FICO scores and credit enhancement slip in BHG's largest deal to date

Brookfield Asset Management and a private equity partner reached a friendly deal to take over First National Financial Corp., a mortgage company backed by Canadian billionaire Stephen Smith, for about C$2.9 billion ($2.1 billion).

Mostly prime Canadian consumers bolster securitized assets.

CLO and ABS issuance continues apace as spreads remain tight

Ratings are holding up but global economic prospects dim

Proceeds in part fund dividend for new private equity owner

The methodology combines existing ABS and CMBS analyses

The case pitted high-profile senior-tranche investors like PIMCO against junior bondholders the interpretation of contracts that predated later policy changes.

The massively oversubscribed deal repays existing notes and extends the floater

The portfolio consists of first-lien, fixed-rate and interest-only balloon RTLs. They were originated with original terms of six to 24 months to maturity.

MMP Capital has sold securitized bonds backed by equipment before, this will be the first one secured by medical aesthetic equipment contracts