Harley-Davidson Financial Services will sell $5 billion of existing retail loans and two-thirds of future originations to the investment firms.

Despite big declines in securitization of auto loans and equipment financing, several other ABS categories saw increased issuance in the second quarter. (Includes three data tables.)

While primarily known for mortgages, Rocket has been originating consumer loans since 2016. The loans are originated in partnership with Cross River Bank, providing federal preemption of state laws.

Economists find that the ability of fintechs to incorporate alternative data into their underwriting allows them to expand their borrower base while at the same time reducing defaults and delinquencies.

Jersey Mike’s has started marketing a $400.0 million whole-business securitization, while Nothing Bundt Cakes is prepping a $445.0 million deal.

The $213.3 million transaction has several credit strengths, including a manual review of all underwriting decisions, Moody’s Ratings said.

Interest is growing within certain types of insurance ABS transactions.

JPMorgan Chase Bank issued a new credit-risk transfer deal and FinBe brought a subprime auto ABS. The last time either issuer offered a similar transaction was in 2021.

It’s the first auto loan ABS with loans aggregated from multiple credit unions. Alloya is a corporate credit union that provides services to more than 1,300 credit unions and other entities.

ABS comprised of solar loans, and the companies that service them, are under pressure as uncertainty swirls around the future of Biden-era clean energy provisions.