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.
structured finance
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.
FICO’s 58% Plunge: Is the Credit Scoring Monopoly Cracking?
FICO stock has lost 58% from its peak. Fraud investigations, VantageScore competition, and regulatory shifts are reshaping America’s credit scoring landscape.