In general, recently established formal programs for sales of NPLs by the GSEs could help improve the market for U.S. banks looking to sell their own loans, according to Fitch Ratings.
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The powerful Consumer Financial Protection Bureau is helping to reshape mortgage and payday lending, but its attempts to curb abuses in auto lending have been largely stymied by the clout of car dealers and the fragmented nature of auto finance.
June 23 -
CLOs backed by loans to small and medium sized companies account for roughly the same percentage of the total market so far this year as last year, according to Wells Fargo.
June 22 -
Wells Fargo Bank is marketing $914.4 million of commercial mortgage bonds, according to a presale report released by Kroll Bond Rating Agency.
June 22 -
Ginnie Mae's issuance of mortgage-backed securities exceeded Fannie Mae's issuance in May for the first time since the late 1980s.
June 22 -
Volkswagen Bank GmbH plans to sell 1.25 billion ($1.42 billion) of bonds backed by German auto loan receivables.
June 21
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U.S. consumers are increasingly using their credit cards rather than tapping home-equity credit lines to pay debts or finance a big purchase, according to Sanford C. Bernstein.
June 19 -
German insurer Hannover Re is coming to market to offload its exposure to catastrophic damage from earthquakes on the western coast of the United States, Canada and Mexico.
June 19 -
Banco Santander is preparing another securitization of high leveraged, prime residential, Spanish mortgage loans to be issued from its Fondo de Titulizacion de Activos trust.
June 19 -
Alliance Laundry Systems, who last came to market in 2013, sold $400 million of A, Standard & Poors rated securities.
June 19 -
Santander Consumer USA priced an upsized, $1 billion offering of bonds backed by subprime auto bonds this week.
June 18
