SMB Private Education Platform in the Market with $618 Million
SMB 2026‑A has launched a $618 million asset‑backed security backed by private student loans under Sallie Mae’s Smart Option program. The issuance creates three tranches—A1A, A1B and B—with senior notes rated AAA/Aaa and the junior tranche rated AA. Fixed and floating interest rates are tied to the 30‑day average SOFR, and the structure includes reserve accounts, subordination, and over‑collateralization. Major banks such as Bank of America Merrill Lynch, Barclays, Goldman Sachs, JP Morgan and RBC are managing the deal.
Fiber Network Provider Fidium's Latest Master Trust Issuance Raises $664.6 Million
Fiber provider Fidium launched a $664.6 million asset‑backed securities program, issuing three tranches (A‑2, B, C) slated to close on March 31. The trust holds conduits, cables, equipment and contracts covering about 351,000 subscribers across eight states, with Maine, New Hampshire and Texas...
Castlelake Completes First Aircraft ABS Repayment Since Pandemic
Castlelake’s aviation leasing arm has fully repaid a $595 million aircraft‑backed security, marking the first complete repayment of an operating‑lease aircraft ABS since the COVID‑19 pandemic. The Castlelake Aircraft Securitization Trust 2021‑1, comprising 26 passenger jets, one freighter and 11 lessees across...
Ally Bank Issues $1.1 Billion in Prime Auto ABS
Ally Bank is returning to capital markets with a $1.1 billion prime auto asset‑backed securities issuance. The Ally Auto Receivables Trust will issue seven tranches of fixed‑rate notes, with super‑senior A1‑A4 classes maturing between 2027 and 2031. The pool comprises 59,907...
Onslow Bay Prepares to Sell $452.7 Million in ABS From HELOCs
Onslow Bay Financial is preparing a $452.7 million asset‑backed securities offering backed by a pool of 1,952 home‑equity lines of credit. The ABS will be issued in eight tranches under the OBX 2026‑HE1 Trust, benchmarked to SOFR and maturing in February 2056. The...
Why Banks See Opportunity in Advising Art Collectors
Bank of America has launched a dedicated art‑consulting service, joining other major banks such as Citi, Morgan Stanley and Goldman Sachs in expanding wealth‑management offerings to include art advisory. The move reflects rapid growth in the sector, with wealth‑manager participation...
A&D Mortgage Raises $602.7 Million in Non-Prime RMBS
A&D Mortgage issued $602.7 million of non‑prime residential mortgage‑backed securities (RMBS) through its 2026‑NQM2 transaction, backed by 1,793 loans with four months of seasoning. The pool is dominated by single‑family homes (68.4 %) and condos (20.5 %), with 48.1 % of borrowers self‑employed and...
SFA and Bloomberg Collaborate on Credit Securities Index
The Structured Finance Association (SFA) and Bloomberg Index Services are co‑creating a new credit securities index that spans multiple asset classes. Designed to deliver consistent, transparent performance and risk metrics, the index will be embedded directly into Bloomberg Terminal workflows...
Joseph Gatti Joins Morgan Lewis as Structured Finance Partner
Morgan Lewis announced the addition of Joseph Gatti as a partner in its structured transactions practice, based in Washington, D.C. Gatti brings deep experience in structuring and executing asset‑backed securities, particularly single‑family residential assets and mortgage deals. He arrives from Amherst Residential, where...
Prime Mortgages Secure a $321.2 Million RMBS From Goldman
Goldman Sachs has launched the GS Mortgage‑Backed Securities Trust 2026‑PJ2, a $321.2 million residential mortgage‑backed security backed by a pool of 255 first‑lien, fixed‑rate prime mortgages. The structure features a senior‑subordinate, shifting‑interest hierarchy with class A AAA‑rated notes and several lower‑rated tranches,...
TIP Solar Raises $179.7 Million in ABS From Residential Solar, PPA Leases
TIP Solar, backed by GoodLeap’s residential solar leases and PPAs, has issued $179.7 million in asset‑backed securities. The ABS are collateralized by 7,812 leases held by Jaguar Solar Owner 2026‑1 and structured into A‑ and B‑tranches with anticipated repayments through March 2033 and...
Securitization's Unique AI Playbook, and What's Driving It
Finance chiefs report mounting board pressure to adopt AI, mirroring similar urgency in the securitization sector. ABS leaders, like Vervent’s David Johnson, argue AI adoption must deliver speed, transparency, and control, enabling faster tape‑to‑trade cycles, cleaner data, and scalable compliance....
Sprite to Issue $495 Million in Aviation ABS Notes
Sprite’s aviation securitization platform is launching a $495 million asset‑backed securities (ABS) program backed by lease contracts on 30 aircraft. The issuance comprises three fixed‑rate tranches with an anticipated repayment date in March 2033 and a final legal maturity in March 2041. World...
Scope Ratings Seeks Distinction by Incorporating Europe's Differences
Scope Ratings became the first European rating agency approved under the ECB's Eurosystem Credit Assessment Framework, allowing its ratings to be used as collateral in monetary‑policy operations. The firm differentiates itself by embedding the EU’s fragmented legal and market environments...
US Treasuries Slip as Rally Loses Steam on Steady Labor Data
U.S. Treasury yields edged higher on Tuesday, halting a recent rally as steady private‑payroll data reinforced expectations of a still‑robust labor market. The benchmark 10‑year yield closed at 4.06%, while the two‑year rose to 3.43%, reflecting market pricing of two...
ME Funding Raises $340.7 Million in ABS From Franchise Revenue
Massage Envy’s franchising arm, ME Funding, completed its third asset‑backed securities issuance, raising $340.7 million through the series 2026‑1 transaction. The deal comprises three note classes—A1LR, A1 VFN and A2—maturing in April 2056 and slated for a BBB‑ rating from KBRA. Collateral consists...
Vertical Bridge REIT Sells $1.9 Billion in Cell Tower ABS
Vertical Bridge Secured Tower Revenue Notes has issued the largest-ever cell‑tower asset‑backed securities (ABS) transaction, raising $1.9 billion. The offering consists of four tranches—classes C, D, M and R—backed by mortgages on 10,425 tower sites and additional collateral contributed by the...
Fannie Mae, Freddie Mac Add New Rate Buydown Disclosures
Fannie Mae and Freddie Mac will begin reporting loan‑level interest‑rate buydown information as a new attribute, L‑117, starting April 20 for MBS issued on or after May 1. The disclosures classify loans into five categories—moderate, significant, other, not applicable, and not available—using...