New Residential Raises $438.8 Million in Its Latest MBS
Rithm Capital has launched the 2026‑NQM7 series of the New Residential Mortgage Loan Trust, raising $438.8 million by securitizing a $890 million pool of primarily fixed‑rate residential mortgages. The bonds are structured into Class A, M and B notes with distinct first‑cash‑flow (FCF) and last‑cash‑flow (LCF) tranches, and have received ratings from AAA to B+. Senior A1 notes enjoy a 23.06% credit‑enhancement cushion, while the A1A tranche is enhanced to 33.06%. The transaction, slated to close on June 12, attracted major investors including Morgan Stanley, Barclays Capital, BMO Capital Markets and Deutsche Bank Securities.
Scooter's Coffee in First ABS Capital Raise for $375 Million
Scooter's Coffee is launching a $375 million asset‑backed securities (ABS) program backed by royalty payments from its 910 franchised locations. The coffee chain generated roughly $800 million in system‑wide sales and will issue three tranches of A1 and A2 notes, with the...
Treasuries Rise as Oil Prices Drop on Signs of US-Iran Accord
U.S. Treasury yields fell across the curve as oil prices dropped following reports of a draft U.S.-Iran memorandum that could reopen commercial shipping through the Strait of Hormuz. The 30‑year yield, which had stayed above 5% since mid‑May, slipped toward...
Byzfunder's Business Capital Financings Support $165 Million in ABS
New York‑based Byzfunder is entering the asset‑backed securities market with a $165 million inaugural bond issuance, scheduled to close on June 4. The deal, Byzfunder Asset Securitization I, Series 2026‑1, offers three tranches—Class A, B and C—rated A, BBB and BB respectively, and is...
Onslow Funding Latest RMBS Raises $517.7 Million
Onslow Bay Funding’s OBX RMBS transaction will raise $517.7 million, backed by 1,322 prime fixed‑rate mortgages that finance second homes and investment properties. The pool is 93.1% agency‑eligible, with 74.2% of loans tied to investment properties and a 5.00% coupon on...
MRE's Aircraft ABS Aims to Raise $612 Million
MRE’s aircraft asset‑backed securities (ABS) program is set to raise $612 million through two tranches—class A notes of $585 million and a smaller class B tranche—issued via the FTAI MRE 2026‑1 Cayman and US structures. The pool comprises 48 narrow‑body and freighter aircraft, 90.6% of value...
ALLOs Latest Master Trust Series Raises $824.4 Million
ALLO Communications is issuing $824.4 million of asset‑backed securities tied to its fiber‑optic network contracts. The 2026‑1 master‑trust series includes three tranches, with the A2 tranche accounting for $613.7 million of the debt. Proceeds will be used to retire the 2023 A1V...
GSE Loans Shift to Private Label for Better Returns
Mortgage‑backed securities professionals are moving government‑sponsored entity (GSE) loans into private‑label securities to capture better economics, according to remarks at the MBA Secondary and Capital Markets Conference. JPMorgan’s John Sim highlighted that higher loan‑to‑value (LTV) ratios and non‑qualified mortgage products,...
Apollo Has New Vehicle to Bundle Debt Evoking CDO Comeback
Apollo Global Management unveiled its next‑generation credit platform, AMAPS, during its May 6 earnings call. The firm has launched four multi‑asset securitizations, the latest AMAPS 4 valued at roughly $5 billion and composed of direct‑lending loans, private corporate credit, mortgages and fund stakes....
Equipment Contracts Back Channel EF, Raising $204.8 Million in ABS
Channel EF 2026‑1 has issued $204.8 million of asset‑backed securities backed by commercial equipment leases and loan contracts. The deal consists of six tranches, with the A1 tranche maturing in May 2027 and the remaining notes extending to January 2034. Credit enhancements range...
Deutsche Bank, Santander Test World Bank's Risk Transfer Engine
Deutsche Bank and Banco Santander joined the International Finance Corporation in a $500 million synthetic securitization that insures trade‑finance loans to low‑income and conflict‑affected countries. The transaction, the IFC’s first of its kind, splits the exposure into $340 million senior, $110 million mezzanine...
Groundfloor's Consumer Loan Venture Is in a $3 Million Capital Raise
Groundfloor, a platform known for residential transition‑loan securitizations, announced a $3 million capital raise for its Consumer Credit Portfolio II, its first non‑real‑estate private‑credit offering. The product targets accredited investors with a $10,000 minimum and promises a fixed 10% annual return paid...
Two Harbors Rejects UWM's Hostile $12.50 Offer
Two Harbors’ board rejected UWM Holdings’ updated hostile cash offer of $12.50 per share, deeming it not a superior proposal despite being 50 cents above CrossCountry Mortgage’s price. The board highlighted UWM’s high leverage, the unchanged Mizuho financing commitment, and questioned...
Mexican Fast-Casual Franchisor Qdoba Raises $442.2 Million in ABS
Qdoba Mexican Grill announced its second whole‑business asset‑backed securities (ABS) offering, raising $442.2 million backed by franchise revenues. The Qdoba Funding Series 2026‑1 will issue three Class A tranches, with the $360 million A2 tranche receiving a BBB rating from KBRA. Repayment schedules run...
Eclipse Aircraft Taps the Capital Market for $415.5 Million
Eclipse Aircraft has launched a $415.5 million asset‑backed securities (ABS) program backed by leases on 23 passenger jets across 16 lessees in 15 countries. The issuance consists of two tranches, A and B, with a final maturity of May 15 2051, and the...