BMW Lease Trust Prices $1.25B Auto ABS Across 5 Tranches
BMW Vehicle Lease Trust 2026-2 priced $1.25 billion in asset-backed notes across five tranches, backed by $1.44 billion in retail vehicle leases.
asset-backed securities
Fed Consumer Survey: Heavy Debt Burdens Jump to 8.6% of Families
The Fed’s 2025 Survey of Consumer Finances reveals debt payment-to-income ratios above 40% surged to 8.6%, signaling strain across consumer ABS and credit.
Porsche Financial Prices $911M Auto ABS in 5 Tranches
Porsche Financial Services priced $911M in prime auto loan ABS backed by $960.7M in luxury vehicle contracts, featuring a 786 weighted average FICO score.
Asset-Backed Securities (ABS) Explained: Structure & Tranches
Learn how asset-backed securities (ABS) turn loans into liquid bonds, how tranche waterfalls work, and how credit enhancement protects senior noteholders.