Foundation Finance Trust raises $329 million in RMBS
By: Robin Arnfield | Published: 2025-07-11 17:32:00 | Source: www.nationalmortgagenews.com
Foundation Finance Trust 2025-2 (FFIN 2025-2) has issued five classes of notes totaling $329.23 million, collateralized by $332.55 million receivables.
The RMBS notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company’s network of 13,240 dealers located in most of the 50 states. The dealers provide point-of-sale financing for home improvement products and services such as water treatment products, water heaters, home improvements, HVAC, and roof replacements.
Foundation Finance Company acts as the loans’ servicer. BNP Paribas, Goldman Sachs and Guggenheim Securities are the managers, and Wilmington Trust Company is the trustee and backup servicer.
Foundation was founded in 2012 by an experienced management team and Garrison…
