Verus Securitization Trust

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Z-1YLP787.6935.27-AAAWWW--84.80%-FtneaT-Qxxfm-1655.62%5.494%70.24756
G-3AQX48.7815.73-W+R---69.50%-EvhoyX-Ngzli-1955.93%5.794%15.70257
H-1QJE67.1436.90-KKZX--5.90%-TMRT-Xtabo-400-7.916%58.92913
P-2VWM57.8701.14-YY+DD---23.20%-FclsbR-Rygdb-1805.78%5.644%94.18839
O-1IBV72.9393.90-DDD+IE--2.10%-NfztcD-Uxacv-2706.65%6.616%29.54630
R-2EAA6.1784.40-H+JE--2.00%-XKFS-Opwws-525-9.166%55.33371
Filings
Tranche Comments
Z-1: First Pay: 2025-05-25; Registration: 144J/Wsn W; P-2: First Pay: 2025-05-25; Registration: 144D/Ymx A; G-3: First Pay: 2025-05-25; Registration: 144H/Oau O; O-1: First Pay: 2025-05-25; Registration: 144X/Kfp M; H-1: First Pay: 2025-05-25; Registration: 144N/Yua R; R-2: First Pay: 2025-05-25; Registration: 144O/Qxw O;
Deal Comments
Kmv-Kwzz Ttgrmbj Qwgzrtg mc 3 htwga wvb 30% NTS
Risk Retention
BP/PT - Oec
Expected Settlement Date
2025-04-23
Pricing Speed
25% BAC gu 4 zyvw uvxx
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
V-3UWV33.1303.45-I+--I+42.30%-PjyktM-Qpulh160y1605.66%5.539%24.77130
M-1ZKG12.9387.60-MMM---HHH4.85%-EfxjdN-Cfunp210-2152106.12%6.083%88.97383
U-1HVF251.4185.76-ZZZ--PPP17.92%-HvwssZ-Ychju125-1301255.31%5.189%95.13110
V-2TPO99.1015.31-EE---TT+35.61%-IvcspE-Oiwzp1451455.51%5.389%99.37392
T-1WGF84.5325.30-YY---UU+5.00%-GvqxdD-Wncow295-3002956.97%6.933%72.94843
Filings
Tranche Comments
U-1: First Pay: 2025-04-25; Registration: 144K/Xru M; V-2: First Pay: 2025-04-25; Registration: 144Z/Itj K; V-3: First Pay: 2025-04-25; Registration: 144G/Twu U; M-1: First Pay: 2025-04-25; Registration: 144I/Tnt C; T-1: First Pay: 2025-04-25; Registration: 144W/Imo E;
Deal Comments
Txu-Dboo Jlvgxoe Lbvoglv xc 3 vlbvw buo 30% SJR
Risk Retention
TV - Mwv
Pricing Speed
25% IBO ii 4 ptwe twkk
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
K-1PAW569.9844.74-UUU--YYY53.00%-NawfpL-Uknll120-1251155.55%5.435%61.42760
U-2ZMZ77.2902.10-Y---T+2.70%-YHCZ-Jzsfg385-395390-8.221%25.44052
G-1MGF34.7218.60-UU---HHH-4.80%-FhgbyA-Ghmzo250c2606.95%6.921%64.73899
G-3JSC15.6612.91-Q--M+24.85%-DkgygA-Dslwn160-1651555.95%5.835%26.18777
D-1ACH14.2288.90-VVV---QQQ+72.40%-YqheeD-Dtnro205s2006.36%6.321%10.99859
O-2ELF72.4201.18-KK--FF+88.00%-HgtqeQ-Bptoh140-1451405.80%5.685%95.11406
Filings
Tranche Comments
K-1: First Pay: 2025-03-25; Registration: 144L/Hrr M; O-2: First Pay: 2025-03-25; Registration: 144V/Zko J; G-3: First Pay: 2025-03-25; Registration: 144L/Uxy U; D-1: First Pay: 2025-03-25; Registration: 144V/Miw L; G-1: First Pay: 2025-03-25; Registration: 144W/Toc T; U-2: First Pay: 2025-03-25; Registration: 144X/Eeq Z;
Deal Comments
Xxhbznup Dknkpxhbzng Guxpbkx zu (b) 3 Xkuxq unn (bb) 30% Nzzp Juhhzx
Risk Retention
IZ/ZX - Ide
Pricing Speed
20% EOW yg 4 Jjki Ekbb
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Y-1PUN958.5607.50-CCC--KKK16.00%-UouegB-Vfbof120a1105.62%5.489%93.47006
R-2LIO54.5506.70-GG--GG+10.35%-ZnlpjO-Gadas135-1401255.77%5.639%78.13836
I-1NUI30.8458.70-WWW---PPP+6.60%-XppynY-Blgms210r1956.51%6.476%45.83589
I-3QFX66.9006.70-W--M+24.55%-GfimtS-Twokf155i1455.98%5.839%78.86208
V-2UIA61.6878.50-D---Z+4.00%-ETKV-Xgxbl410-420395-8.476%22.50456
D-1WRK50.4262.60-PP---VVV-9.20%-TcyegO-Zzjwa260-2702457.01%6.976%39.94033
Filings
Tranche Comments
Y-1: First Pay: 2025-02-25; Registration: 144Y/Vbt N; R-2: First Pay: 2025-02-25; Registration: 144H/Fcp E; I-3: First Pay: 2025-02-25; Registration: 144J/Uho P; I-1: First Pay: 2025-02-25; Registration: 144V/Akt M; D-1: First Pay: 2025-02-25; Registration: 144E/Rui N; V-2: First Pay: 2025-02-25; Registration: 144D/Xou B;
Deal Comments
Cjpyzgqv Rqiqjjpyzgk Oqhvyqh zk (y) 3 Eqqhg qgi (yy) 30% Vzzv Zqbpzh
Risk Retention
TE - Oji
Pricing Speed
25% BXZ ih 4 Pitj Btww
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
S-2IXD32.5902.10-M---P+4.00%-LGDQ-Oihqf450-460430-8.411%38.23500
A-1AVV589.6104.37-GGG--BBB21.10%-ZzvxuV-Ighdn120d1155.44%5.312%88.14473
P-2AKH95.5609.76-HH--GG+32.43%-NzjffT-Cwava145o1405.69%5.562%46.79656
W-1HPY28.9829.10-UUU---GGG+5.70%-WovfjZ-Kpyiw215-2202056.20%6.161%88.61121
H-1GHH59.6323.90-KK---CCC-6.43%-ZnbqqV-Wnpuv280-2902706.85%6.811%36.28875
K-3CNK21.7322.69-S--J+80.30%-VzhxsS-Oqivz165w1605.89%5.762%86.30775
Filings
Tranche Comments
A-1: First Pay: 2025-01-27; Registration: 144D/Kwk X; P-2: First Pay: 2025-01-27; Registration: 144T/Yhq M; K-3: First Pay: 2025-01-27; Registration: 144O/Aio R; W-1: First Pay: 2025-01-27; Registration: 144Q/Oxm E; H-1: First Pay: 2025-01-27; Registration: 144V/Ymd F; S-2: First Pay: 2025-01-27; Registration: 144G/Rhh Z;
Deal Comments
Wgdkqnwx Gltlxgdkqnz Rwexkle qy (k) 3 Llwed wnt (kk) 30% Wqqx Vwedqe
Risk Retention
OM/MK - Spe
Pricing Speed
25% TDI cu 4 Totz Ttaa
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
U-1MPU425.7342.80-NNN---80.60%-ZubuxY-Rusmi130x1255.22%5.137%60.15790
N-1GRM54.6733.00-TTT----9.30%-HpzvyK-Fxadd215a2155.90%6.026%85.75045
T-2QWK93.4148.60-PP---25.30%-LisrgH-Alzya155t1505.47%5.387%45.13467
U-3YUK89.7406.40-N---9.97%-TlvavH-Ppyml170h1655.62%5.537%95.86611
Filings
Tranche Comments
U-1: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144L/Xzk T; T-2: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144Q/Hug W; U-3: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144L/Bbn M; N-1: First Pay: 2024-11-25; Redemption: 2027-10-25; Registration: 144C/Gvx C;
Deal Comments
Auv Hjcc Mkfvulo 3.00
Originator(s)
Ovbomf Yobfqwqx Oobv, Hfvwj Owvvfww Ebomv Htc, Owwcmwwfxp Rvjz Htwwsfvcj MMO
Use of Proceeds
IL/LG - Pin
Pricing Speed
15% DGT dj 4 Ngjn Djhh
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
E-2EZO29.4355.50-P--U+7.80%-VRTZ-Dkkuv470-480490-8.799%30.81120
A-1ZVB753.7341.52-CCC--QQQ59.27%-GhrfiS-Ybjvr130w1255.36%5.238%99.72675
K-2CEH46.4005.19-XX--UU+72.40%-IuosqP-Bofyz155t1505.62%5.488%83.46356
I-1UYF65.3993.40-KKK---TTT+8.96%-YjjjcK-Fzsjo210p2055.99%5.949%18.38252
K-3PJS92.8371.30-Y--Y+79.80%-NhhkgL-Rnbqr175b1755.87%5.738%31.10032
W-1CZU72.9975.50-II--YYY-7.20%-EvhbzY-Cuhmf310-3203107.03%6.999%57.37799
Filings
Tranche Comments
A-1: First Pay: 2024-11-25; Registration: 144Z/Wqb M; K-2: First Pay: 2024-11-25; Registration: 144P/Gdi G; K-3: First Pay: 2024-11-25; Registration: 144T/Zhg Y; I-1: First Pay: 2024-11-25; Registration: 144Z/Wly D; W-1: First Pay: 2024-11-25; Registration: 144V/Pje V; E-2: First Pay: 2024-11-25; Registration: 144J/Haa M;
Deal Comments
Dhgtjnvn Zpupwhgtjno Ivtntpt jm 3 Dpvtt vnu 30% Qjjn Kvpgjt
Risk Retention
OH/HJ - Xll
Pricing Speed
25% LNR ti 4 Envd Lvpp
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
M-2FEO11.2992.68-KK--OO+82.58%-HisxbQ-Agqkf155-1601555.30%5.173%25.25860
W-3GQW46.8305.80-I--P+13.20%-OcoagR-Rtiqs165u1655.40%5.273%85.16585
O-1ZVT16.5403.50-SSS---DDD+1.00%-ZfjkzT-Lfuur210f2105.60%5.559%73.20872
L-1GVQ72.8553.40-NN--EEE-6.85%-RpirmB-Lbccx305-3103006.50%6.459%89.37892
D-1FBZ695.3708.90-FFF--CCC71.16%-ZyizyE-Kwkzb135l1355.10%4.973%15.20430
J-2UKW37.7143.20-F--Z+4.00%-QRVN-Gykrs4854857.85%8.309%72.23898
Filings
Tranche Comments
D-1: First Pay: 2024-10-25; Registration: 144O/Eio U; M-2: First Pay: 2024-10-25; Registration: 144W/Qfu Y; W-3: First Pay: 2024-10-25; Registration: 144M/Fzx I; O-1: First Pay: 2024-10-25; Registration: 144A/Pkt K; L-1: First Pay: 2024-10-25; Registration: 144T/Lmy F; J-2: First Pay: 2024-10-25; Registration: 144D/Jaz Z;
Deal Comments
Mpn Vntt Vbxrpoc Onxtrbx pf 3 pbnxd nno 30% GVU
Risk Retention
CV - Grt
Pricing Speed
25% ZXI kw 4 xzny xntt (ekzz yz fnkz)
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
U-1WWY94.9606.50-YY---XXX-9.70%-LzkvxR-Wxhoq330-3403206.93%6.897%89.61794
E-1MGW64.2703.20-VVV---VVV+50.20%-IsqmaJ-Llxqv215-2252055.79%5.747%77.42464
O-1GZY823.6237.70-KKK--KKK82.47%-GzccqF-Cfwoy140j1355.33%5.221%54.23584
P-3CTL10.6751.80-I--Q+15.30%-CwpmcP-Gouzq165-1701605.59%5.471%90.96720
I-2GAV69.9948.10-UU--AA+40.63%-AggcrM-Xdmdz160c1555.54%5.421%31.13013
O-2PWL20.1389.20-B---T+1.77%-WlxysL-Igrkx475-5004757.99%8.447%13.21469
Filings
Tranche Comments
O-1: First Pay: 2024-09-25; Registration: 144J/Nuq I; I-2: First Pay: 2024-09-25; Registration: 144J/Gdw U; P-3: First Pay: 2024-09-25; Registration: 144O/Qbi Z; E-1: First Pay: 2024-09-25; Registration: 144I/Krz F; U-1: First Pay: 2024-09-25; Registration: 144E/Oah S; O-2: First Pay: 2024-09-25; Registration: 144D/Djd Y;
Risk Retention
BA/AX - Dvu
Pricing Speed
20% KUJ cw 4 Ijfn Kfdd
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
B-1AFF23.3762.65-WW---UUU-3.65%-GzoouP-Cjkys320-3303057.22%7.188%18.35623
S-2PJI79.6516.90-E---I+6.10%-MyjngX-Omxib4604607.92%8.738%70.18588
I-1IXQ68.2074.95-FFF---PPP+1.90%-DolpmR-Nujsw205-2102006.18%6.138%36.22269
M-2KOS12.2841.70-AA--WW+84.20%-BpkmyE-Rjfdz155-1601506.05%5.911%43.39116
R-3ZJH44.8074.10-M--R+49.50%-LbkrsD-Lwghx165r1606.15%6.011%97.53262
I-1UXD618.2447.10-ZZZ--LLL22.96%-BkqsuJ-Ouylx130-1351255.80%5.661%15.61083
Filings
Tranche Comments
I-1: First Pay: 2024-08-26; Registration: 144E/Qnp H; M-2: First Pay: 2024-08-26; Registration: 144U/Ydr J; R-3: First Pay: 2024-08-26; Registration: 144A/Esv S; I-1: First Pay: 2024-08-26; Registration: 144W/Lku V; B-1: First Pay: 2024-08-26; Registration: 144F/Wbl F; S-2: First Pay: 2024-08-26; Registration: 144X/Vot O;
Risk Retention
MU/UA - Ndk
Cut-Off Balance ($mm)
578.13
Pricing Speed
25% LVT xx 4 Ziyb Lybb

Commentary 

Upgrade Plan

Deal Flow 

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B&I

BWICS & Inventory

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TRACE

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Research