ABS

FFIN 2025-3's average loan balance, $16,366 was lower compared with the 2025-2 deal, when it was $19,993, and the WA interest rate on the current deal is 12.15%, down from 12.56%.

Karsten Giesecke and Michael Karol join Morriello to represent clients such as lenders and private equity funds in transactions including RMBS, CMBS, franchise loans and esoteric assets.

A credit analyst manually reviews the pool's underwriting decisions, instead of just leaving it all to automated underwriting methods.

The industry's biggest opportunities involve the evolving cost of capital, which will shift funding sources from the private, local lending markets to institutional sources.

Industry trends since the Great Financial Crisis have sparked rising interest in private asset-backed finance.

The rise of private credit has had a surprising side effect: it's made borrowing cheaper for companies in other high-yield markets, and has probably made a key barometer of credit risk less accurate.

Fitch Ratings said Tesla Finance enters the residential solar finance ABS arena with underlying loans that have the highest WA FICO score presented to it for a rating.

T-Mobile is broadly syndicating $500 million of securities, and the total size of the securitization is $561.34 million.

The real estate investment trust — which counts the private equity firm C-III Capital Partners among its top shareholders — owes more than $100 million to creditors but has less than $50 million of assets, according to a Chapter 11 petition.

The pool is well seasoned with a weighted-average seasoning of over 10 years for almost the full pool, according to S&P Global Ratings.