Card issuers are again lending to weaker borrowers; It’s just a matter of time before the receivables show up in trusts.
-
DriveTime Automotive Group is planning a $267.75 million subprime auto loan securitization, DT Auto Owner Trust 2014-1, according to a presale report from Kroll Bond Rating Agency.
January 14 -
Discover Bank priced $800 million of class A, five-year notes from its Discover Card Execution Note Trust. The deal was upsized from $500 million.
January 14 -
Fannie Mae is marketing its second offering of notes designed to offload some of the risk of default on mortgages that it insures to private investors.
January 13 -
Sallie Mae is prepping its first student loan securitization of the year, the $745 million SLM Student Loan Trust 2014-1.
January 13 -
Managers arent waiting around to see if collateralized loan obligations get a last-minute reprieve from the Volcker Rule. Some recently priced deals by managers including Columbia Management Investment Advisors and Black Diamond Capital Management, have provisions for excluding investments in corporate bonds.
January 13
-
Discover Bank plans to issue up to $500 million of class A, 5-year notes from its Discover Card Execution Note Trust.
January 13 -
The $1.5 billion benchmark deal will kick off the year in prime auto loan securitizations.
January 13 -
Eric Smith takes on the role of business development leader. He will develop new business opportunities, and work with clients in liquidity, valuation, capital, financing, servicing and investment.
January 13 -
The bid list for its second auction has been distributed to only of the most competitive firms based on the strength of their reverse inquiries.
January 10 -
Banks could end up holding more home loans on their balance sheets next year instead of selling them to Fannie Mae and Freddie Mac, the result of fee increases that are designed to increase the role of private capital in the mortgage market.
January 10 -
First-time collateralized loan obligation managers entered the game in droves in 2013, and participants dont expect the trend to slow down in 2014, even if risk-retention regulation on the horizon will make it more difficult for smaller firms to keep playing.
January 10 -
Underwriting may be getting sloppy, but the market for commerical mortgage bonds appears headed for anothe year of issuance growth and declining delinquencies.
January 10