While lawmakers continue to press regulators to exempt collateralized loan obligations from Volcker Rule restrictions, managers of these deals have found another workaround and this one allows them to invest in bonds.
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Kubota Credit Corp. priced its inaugural term securitization, a $300 million transaction backed by agricultural, construction and turf equipment loans.
April 17 -
Nelnet agreed to purchase a total of $3.6 billion of Federal Family Education Loan Program student loans and related assets from CIT Group.
April 17 -
Santander and Ally Financial priced a total of $2.1 billion of bonds backed by subprime auto loan receivables on Wednesday.
April 17 -
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Mitsubishi Motors has priced its first prime auto loan securitization in over two years, according to sources familiar with the deal.
April 16
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Sankaty Advisors is marketing a $655.75 million collateralized loan obligation, according to a presale report published by Standard & Poors.
April 16 -
Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because the bank is missing documents such as recorded mortgages and title policies on the underlying home loans.
April 16 -
Since the first securitization of single-family rental properties materialized last November, the sector has drawn criticism from housing analysts and politicians.
April 16 -
World Omni Financial priced $849.15 million of securities backed by auto loan receivables, according to person familiar with the deal.
April 15 -
Fitch Ratings has taken positive rating action on 150 tranches of 113 structured finance transactions that are capped relative to the sovereign ratings of Ireland, Portugal and Spain.
April 15 -
TELOS Asset Management is preparing its fifth collateralized loan obligation.
April 15 -
Questions are being raised about whether Senate Banking Committee leaders will delay a pending vote on their mortgage finance reform bill as they struggle to secure additional votes.
April 15

