ASR

Asset Securitization Report’s unique feed of deal analysis and data supports a community of professionals who structure or invest in asset-backed transactions.

[ASR @_asreport]

@AmericanHonda Finance has filed for its second prime auto-loan #securitization of 2021.

@GlenFest_ASR
https://t.co/jPuz7ZljPv

[ASR @_asreport]

The stronger performance coincides with normalizing fleet levels after the company (along with rivals Enterprise and Hertz) last year sold off vehicles as the coronavirus pandemic forced the rental-car industry to downsize operations. #securitization
https://t.co/wQt6FBCC9n

[ASR @_asreport]

The $95M loan is a partial stake in the $500M by the joint venture owners of the Miami Design District (including @Brkfldproprtl) @FitchRatings
@MoodysInvSvc
@GlenFest_ASR
https://t.co/n5ykhhkjvn

[ASR @_asreport]

@cibc is marketing its third series of notes backed by domestic credit-card receivables, and the second to be offered in U.S.-denominated bonds. #securitization @FitchRatings
@GlenFest_ASR
https://t.co/06RfFHyAhu

[ASR @_asreport]

The 18.3% self-employment percentage of borrowers is below than the combined 2020 and year-to-date 2021 average prime RMBS level of 19.3%.
@FitchRatings
@krollbondrating
#securitization #RMBS
https://t.co/Q6gjq4bY1m

[ASR @_asreport]

About $100 million of the bond proceeds will be used to finance environmental control activities at a former coal-powered plant in Pleasant Prairie, Wisc., that WEPCO closed in 2018, per @FitchRatings.
@MoodysInvSvc
@SPGlobalRatings
@GlenFest_ASR
https://t.co/q1uEhoAUPH

[ASR @_asreport]

The offered notes in the whole-business #securitization carry initial BBB- ratings from @krollbondrating.

@GlenFest_ASR
https://t.co/SwNcowdzQk

[ASR @_asreport]

Industrial (21.7%), office (17.8%), multifamily (17.7%) and self-storage (15.4%) are the leading property types in Morgan Stanley's latest conduit #CMBS. #securitization #MBS

@GlenFest_ASR https://t.co/1omDHZIgb2

[ASR @_asreport]

"...more cautious than dire." #CMBS @MoodysInvSvc

@bcynic
https://t.co/HK2f9f81hQ

[ASR @_asreport]

A $500M consumer-loan #securitization by @oportun will include expanded sources of collateral: secured auto-title loans and new loans to be issued through its upcoming partnership with MetaBank. #marketplace

@GlenFest_ASR
https://t.co/W8G3dXsQ2L

[ASR @_asreport]

The reach of COVID-19 vaccination efforts should improve economic conditions for #leveragedloan issuers and lessen default risk, according to @FitchRatings and @SPGlobalRatings

@GlenFest_ASR
https://t.co/3SeZvHssD9

[ASR @_asreport]

The underlying default rate of #leveragedloans held in CLOs is at its lowest level since 2Q2019.
@FitchRatings
@GlenFest_ASR
https://t.co/lxxsBvXkLW

[ASR @_asreport]

The Oaktown Re deal, when it closes, will be the sixth #mortgage-linked insurance transaction in the MBS market this year, and will be the fourth to price since March 24. #securitization @MoodysInvSvc
@GlenFest_ASR
https://t.co/0PWYLWglO5

[ASR @_asreport]

"The deal includes a 'notably' higher concentration of borrowers with FICOs above 750, which constitute 53.2% of the pool of mostly new-vehicle loans for Hyundai- and Kia-branded vehicles." #securitization @FitchRatings @GlenFest_ASR
https://t.co/BHhc3e9GW7

[ASR @_asreport]

Facebook plans to move into its new Oculus VR headquarters this summer; it begins payments on its long-term, triple-net lease in May.
#securitization #CMBS @krollbondrating
@DBRSMorningstar @FitchRatings @SPGlobalRatings
@GlenFest_ASR https://t.co/1t8eeMwD5c

[ASR @_asreport]

Also launching deals last week were @SantanderUSA and @DriveTime Automotive Group. #Securitization

@GlenFest_ASR
https://t.co/Euir2fONum

[ASR @_asreport]

Affiliates of Bayview Asset Management are sponsoring a first-time #securitization expanded-prime jumbo #mortgages.

@GlenFest_ASR
https://t.co/h5qQTn6iNj

[ASR @_asreport]

Toyota is back into auto-lease #securitization "after a long hiatus," says @MoodysInvSvc.

@Glen Fest
https://t.co/BUnlMMQLmA

[ASR @_asreport]

Proceeds from the $523.9 million Higher Education Loan Authority of the State of Missouri Series (MOHELA) 2021-2 transaction will refinance outstanding trust issues from 2010, 2012 and 2013. #securitization @SPGlobalRatings
@DBRSMorningstar
@GlenFest_ASR
https://t.co/XfaboroPlH

[ASR @_asreport]

According to ratings agency presale reports, the family-run Durst is receiving a $283.5 million return of equity in the #securitization. #CMBS @FitchRatings
@krollbondrating
https://t.co/xiEOKX0wkY