GM Financial is taking advantage of the resulting spread compression to start securitization leases (both prime and subprime) and dealer inventory financing.
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Santander Consumer USA is preparing a $409.4 million subprime auto loan resecuritization.
April 9 -
Harley Davidson has upsized a securitization of motorcycle loans, by $200 million to $850 million, according to a regulatory filing.
April 9 -
Sears, Roebuck & Co. continues to close stores and sell off assets, creating significant risk for commercial mortgage bonds backed by properties leased by the retailer.
April 9 -
Disclosing loan-level data is crucial to rebuilding investor confidence in mortgage-backed securities. It also introduces the risk of compromising borrowers' personal information.
April 8 -
DriveTime is back with its second subprime auto loan securitization of the year, according to a presale report published by Standard & Poors.
April 8
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The cost of obtaining reinsurance against damage from hurricanes in Florida could fall sharply again this year, according to Fitch Ratings.
April 8 -
A two-year extension to the deadline for banks to comply with prohibitions against holding certain collateralized loan obligations does nothing to clear up uncertainty in this market, according to Wells Fargo.
April 8 -
Citigroup has offered a payment of $1.125 billion in cash to settle mortgage repurchase claims made by 18 institutional investors represented by the law firm Gibbs & Bruns.
April 8 -
Floridas Citizens Property Insurance Corp. is marketing a $400 million catastrophe bond, according to a presale report published by Standard & Poors.
April 7 -
Regulators will extend by two years the conformance period under the Volcker Rule for banks with legacy collateralized loan obligations, the agencies said Monday.
April 7 -
Volkswagen Bank plans to issue a securitization backed by 952 million ($1.3 billion) of German auto loans from its Driver series.
April 7 -
Flagship Credit Acceptance joined the line-up of subprime auto loan securitizations this week with its $266 million Flagship Credit Auto Trust 2014-1;
April 7
