Securitization

The home equity investment provider first approached the securitization market in July 2024 to raise $217 million.

Hahn's experience includes innovative retail structures for conglomerates, holding companies, private funds and private real estate investment trusts.

Hildene, which partners with Crosscountry Mortgage for non-QM securitizations, is doing this deal as part of its buy of an annuity provider, SILAC.

Dext ABS 2025-2 includes a prefunding account with an amount of $65 million, or 15.0% of the collateral's total combined balance.

Merchant's notes have several key credit strengths, including that vehicle fleet lease securitization pools have had very low delinquencies and losses historically.

No subordinate notes—the class M notes, essentially—will receive any principal payments until the senior class A notes have been paid down to zero.

Enpal issues the first European public securitization for heat pumps and solar panels.

Delinquency trends split in Q3, with securitized and agency loans showing more strain while banks and life companies saw small improvements amid uneven vacancy and rent conditions.

Levkowitz is known in the capital markets for founding Signal Hill Holdings, and as managing partner of Penn Properties, a real estate investment firm.

The European Banking Federation and the Association for Financial Markets in Europe said the planned tweaks risk "curtailing the utility of securitization."

After the prefunding period, up to 7.50% of the total pool balance will consist of collateral from earlier transactions or newly acquired assets, timeshare loans.

New securitization volume should surpass 2024 business by 16%, after getting a boost from consumer asset-backed securities (ABS) classes and do $948 billion in new business in 2026.

BRAVO Residential Funding's notes will repay investors through a sequential payment structure, and include a step-up coupon for classes A-1A, A-1B, A-2 and A3.

The underlying portfolio consists of 608,810 contracts, with two thirds of the cash flow supporting the transaction from a wholesale agreement that includes T-Mobile.

If cumulative loss or a delinquency trigger event is in effect, then the deal will distribute principal among the class A notes before any principal allocation the class M1 or class B certificates.

Baby Boomers' annuities purchases continue to fuel banks' lending to collateralized loan obligations, asset-backed securities and special purpose entities.

For TIP Solar ABS, the securitization share of ADSAB and cashflows payable to the cash equity holder, are about $200 million and $171.4 million.

Denmark has offered additional checks and balances by the European Systemic Risk Board as a way to address concerns that insurers' investment in synthetic risk transfers could threaten financial stability.

There is also a class N tranche of notes that make payment to those noteholders if funds are available after the overcollateralization.

The transaction uses a shifting interest repayment structure, and its lockout that is subject to performance triggers.