Some banks, after shrinking their investment in servicing, may see value in the product.
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Avis Budget Group plans to sell $400 million of securities backed by auto leases, according to ratings agency presale reports.
February 5 -
IPFS Financing Corp. plans to issue a $400 million securitization that is backed by insurance premium finance loans.
February 5 -
Banks are marketing a $539 million collateralized loan obligation for LCM Asset Management and $513 million deal for Golub Capital, according to presale reports from Standard & Poor’s.
February 5 -
The Justice Department is suing credit rating agency Standard & Poor's for allegedly ignoring their own standards and rating mortgage investments much higher than they should have been in years leading up to the financial crisis.
February 5 -
Springleaf Financial plans to launch its first securitization of personal consumer loans, Asset-Backed Notes Series 2013-A.
February 4
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Spreads on subprime auto ABS and the subordinated tranches of prime auto ABS continued to outperform in January.
February 4 -
The securitization investor class of 2013 is likely to be the most geographically diverse group since before the onset of the financial crisis.
February 4 -
Sallie Mae plans to issue a $1.2 billion securitization of Federal Family Education Loan Program (FFELP) loans.
February 4 -
FTN Financial announced that Sylvia Holt Williams and Grady Mosay joined the bank’s capital markets sales team.
February 4 -
Investors no longer feel limited to their own country for securitization investment opportunities; they are becoming comfortable with the risks and rewards of investing in and owning a global book.
February 4 -
The consumer ABS market got off to a strong start in January, with the auto sector once again leading the way; issuance was up on the year, and spreads narrowed, led by subordinated bonds.
February 4 -
GreatAmerica Financial Services plans a $378million equipment lease ABS transaction, backed by small ticket technology equipment.
February 4