Discover Bank priced $850 million of three-year credit card-backed securities at 20 basis points over three-month Libor, according to a regulatory filing
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Bankers are split on whether consumers' use of credit cards will stabilize over the next two years and if their level of card debt may eventually return to pre-financial crisis levels, according to a report released by the Federal Reserve Board.
May 5 -
Hyundai is planning to issue $1.325 billion of securities backed by prime auto loans, according to a presale report published by Standard & Poors.
May 5 -
The dea, dubbedl CCG 2014-1, is the fourth term asset-backed securitization sponsored by Commercial Credit Group and rated by DBRS, and the first deal for the issuer in 2014.
May 5 -
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
May 5 -
European regulators are coming around to the idea that strict rules on securitizations are hurting efforts to jump start the regions economy, in particular by restricting smaller companies access to financing.
May 5
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Either as a spur or a hindrance to structured finance, regulations remain the dominant theme of our industry (and, by extension this magazine) in 2014.
May 5 -
Disclosing loan-level data is crucial to rebuilding investor confidence in mortgage-backed securities. It also introduces the risk of compromising borrowers' personal information.
May 5 -
Since the first securitization of single-family rental properties materialized last November, the sector has drawn criticism from housing analysts and politicians.
May 5 -
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
May 5 -
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
May 5 -
After the financial crisis, Turkish banks found that they could continue to securitize diversified payment rights without the by-then worthless insurance wraps. Some banks have found that they can also do deals without arrangers from abroad.
May 5 -
Residential mortgage bonds backed by qualified mortgages, as well as non-qualified mortgages, are no doubt on the drawing board if not in the works, as issuers run out of earlier loans to securitize; however experts diverge on the composition of the first deals.
May 5