Hyundai Returns to Raise $1.2 Billion From Prime Auto Leases
Hyundai Capital America is launching the Hyundai Auto Lease Securitization Trust 2026‑B, a $1.2 billion transaction backed by 45,321 prime auto leases. The deal issues five tranches of A‑ and B‑class notes, with AAA‑rated A2 and A3 tranches holding a base $465.4 million that could be increased to $580.6 million. Credit enhancement reaches 23.65% for A notes and 19.13% for B notes, while the lease pool is dominated by Kia, Hyundai and Genesis vehicles. The transaction is slated to close on April 22, 2026.
Adriana Schwartz Joins Seward Kissel as Partner
Seward & Kissel announced the addition of Adriana Schwartz as a partner in its investment‑management group. Schwartz will focus on securities law, handling regulatory and compliance matters for passive and activist investors, especially Section 13(d) and Section 16 reporting. Her practice also...
JPMorgan Slams Rules that Would Spur $20 Billion Capital Hike
JPMorgan Chase warned that new Basel III endgame proposals would force it to hold about $20 billion more capital, a roughly 4 % increase in its capital ratio. The bank’s CFO Jeremy Barnum called the G‑SIB surcharge “miscalibrated,” saying it would lock up...
Goldman Extends Borrowing Run with $6.5 Billion Bond Sale
Goldman Sachs raised $6.5 billion through a two‑tranche U.S. investment‑grade bond sale, extending a borrowing run that began with a record $16 billion offering earlier this year. Pricing tightened by roughly 0.25 percentage point, leaving the 2034 tranche at a 1 % spread over...
2026 Atlantic Hurricane Season Forecast: What Servicers Need to Know
The Colorado State University forecast predicts a below‑normal 2026 Atlantic hurricane season with 13 named storms, six hurricanes and only two major hurricanes. El Niño conditions are expected to keep tropical Atlantic sea‑surface temperatures near average, further dampening storm intensity. While...
CFPB Hiring Litigation Attorneys While Cutting Enforcement
The Consumer Financial Protection Bureau announced new attorney‑advisor positions in its Office of Litigation, offering salaries up to $255,000. At the same time, the agency’s reduction‑in‑force plan seeks to cut 620 employees, shrinking the workforce by about 53 percent. Enforcement...
Data Center ABS Iskandar and Kaveh Bring to Market, Raising $1.4 Billion
Iskandar Enterprise and Kaveh Enterprise have launched a $1.4 billion asset‑backed security backed by first‑lien mortgages on two Ashburn, Virginia data centers. The issuance consists of five fixed‑rate, interest‑only notes with a five‑year annual repayment date and a final legal maturity...
Fiber Network Provider Zayo Group's Latest ABS Floats $2.3 Billion
Zayo Group is launching a $2.3 billion asset‑backed securities (ABS) program backed by contracts for dark fiber and wavelength services across the U.S. and Canada. The offering, structured in five tranches under series 2026‑1 and 2026‑2, includes A‑rated, BBB‑rated and BB‑rated notes with...
Sallie Mae Raises $2.3 Billion in SLABS From Its Smart Option Pool
Sallie Mae Bank is issuing $2.3 billion of asset‑backed securities backed by its Smart Option student‑loan pool. The ABS will be sold in five tranches, with the A‑1B tranche floating at rates tied to the 30‑day average SOFR and repayments starting...
Clarus Capital's Second Equipment ABS Deal Will Offer $310.1 Million
Clarus Capital is set to sponsor a $310.1 million equipment‑finance asset‑backed securities (ABS) deal, its second issuance on the Clarus Funding platform. The securitization will be structured into six tranches, with the AAA‑rated A2 tranche comprising $165.4 million of notes. The pool...
Toyota's Prime Auto Contracts Back $1.3 Billion Issuance
Toyota Motor Corp. has securitized a pool of prime auto loan receivables into a $1.3 billion bond issuance called the Toyota Auto Receivables 2026‑B Owner Trust. The transaction comprises 45,323 loans with an average balance of $30,210 and a 5.56% APR,...
Mortgage Credit Hits Three-Year High Entering Spring Market
Mortgage credit availability climbed to a three‑year high in March, with the Mortgage Credit Availability Index (MCAI) posting 108.3, its strongest level since August 2022. The index showed modest gains across conforming, jumbo and government‑sponsored loan products, driven by a...
Dell Equipment's Latest ABS to Raise $1 Billion
Dell Financial Services is launching the Dell Equipment Finance Trust series 2026‑1, a $1 billion asset‑backed securities (ABS) program backed by commercial leases, finance leases and loans. The issuance will close on April 22 and will be split into six tranches, with maturities...
Phillips 66 Sees Nearly $1 Billion in Losses as Oil Prices Surge
Phillips 66 reported an estimated $1 billion loss in the first quarter from its short positions in oil and related commodity‑derivative contracts after the Iran‑triggered surge in crude and fuel prices. The filing shows a $900 million hit on its net‑short exposure across...
Pagaya Raises $340 Million to Call on Previous ABS Series
Pagaya Structured Products is issuing a $340 million asset‑backed securitization, PAID 2026‑R2, to refinance existing consumer‑loan collateral. The new trust will buy roughly 68.8% of its 65,156 underlying loans from the PAID 2024‑3 series and the remainder from PAID 2024‑2. Fourteen tranches, A1 through...
