Flagship Credit Acceptance is in the market with a $222.16 million transaction backed by subprime auto loans and led by Wells Fargo Securities.
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Sallie Mae has appointed Steven McGarry as senior vice president of corporate finance.
June 17 -
Iconix Brand Group priced an upsized offering of $275 million of notes backed by licensing fees.
June 17 -
U.S., U.K. and Canada credit card performance will remain stable for the remainder of 2013, with Canada more sensitive to unemployment rate moves.
June 17 -
Credit Suisse is planning to issue a £200.2 million ($314 million) securitization backed by U.K. buy-to-let and owner-occupied non-conforming residential mortgage loans, from its Alba series.
June 14 -
Sallie Mae sold $225 million of BBB-rated bonds with a 3.05-year weighted average life and a 3.5% coupon rate via its SLM Student Loan EDC Repackaging Trust 2013-M1.
June 14
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Ford Motor Co. priced its Series 2013-3 and Series 2013-4 auto floorplan-backed securitizations, according to a Securities and Exchange Commission filing.
June 14 -
Hyundai Capital America plans to return to the securitization market with a $1.5 billion auto loan securitization deal issued from its auto receivables trust.
June 14 -
The Morgan Stanley Bank of America Merrill Lynch Trust is marketing a $1.5 billion CMBS certificates transaction. MSBAM 2013-C10 certificates represent the beneficial interests in a pool of 75 commercial mortgage loans secured by 87 properties. The certificates follow a sequential-pay structure.
June 14 -
SNL reports that, in some cases, it’s not just the attractive yield or familiarity with the asset class, but a desire for exposure to the commercial loan backing these securities.
June 14 -
Ocwen Financial (OCN) is buying mortgage servicing rights and related servicing advances from OneWest Bank in Pasadena, Calif., for $2.5 billion.
June 14 -
The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.
June 13 -
In an otherwise slow week for commercial mortgage-backed securities, Deutsche Bank and Citigroup are marketing a $775 million deal backed exclusively by hotels.
June 13