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Full documentation accounts for a little over a third of the pool, but otherwise FICO scores are high, as are weighted average liquid reserves.
March 7
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From the Q3 2021 to the early 2024 vintages, cumulative gross loss (CGL) levels had been trending up, likely due to consumer credit normalizing, due to inflationary pressures.
March 6
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GM Financial Revolving Receivables Trust, 2025-1 has a five-year-long revolving period, risking exposure to assets with longer terms.
March 6
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Fitch notes that 74.8% of the collateral pool, made up entirely of 3,103 loans, is backed by trucking—or transportation—equipment.
March 5
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The fund closes ahead of separate news that it formed the Private Real Estate Credit platform, which will originate senior and subordinated commercial real estate loans.
March 5
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It is the program's second issuance to come to market with a pool made up entirely of consumer loans.
March 4
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Easing regulations on the GSEs will likely drive elevated activity in non-QM if or when it occurs, leaders at the real estate investment trust also said.
March 4
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Alternative asset managers, emboldened by the boom, will continue buying life insurers or seek more partnerships with them as they hunt for more capital to feed their dedicated funds.
March 4
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Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes.
March 4
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The deal also offers a subordination piece that represents 14% of the pool balance, helping to boost the credit to the notes.
March 3
