Smaller institutions have increased the size of their auto books in the last year, with the 25 most-active lenders reporting a nearly 7% increase. More borrower demand and a pullback by some bigger lenders are contributing to the rise.
-
Citigroup's decision to leave the mortgage-servicing business by the end of 2018, is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers.
January 30 -
Cerberus Capital Management is marketing its first securitization of re-performing mortgages of the year.
January 30 -
As costs continue to fall, homeowners are increasingly opting to purchase solar photovoltaic systems, rather than allowing a developer to pay for installation and entering into a long-term power purchasing agreement.
January 30 -
Citigroup's plan to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to absorb more large deals.
January 29 -
The American Bankers Association has been searching for an online platform to allow its member banks to get into the digital lending business.
January 27
-
SoFi Lending Corp. is launching its first offering of the year of bonds backed by private loans refinancing student debt.
January 27 -
Issuance volume of asset-backed securities for the year through January 27, 2017.
January 27 -
With new management at the helm, Exeter Finance Corp. spent the past year trying to halt a slide in credit quality, profits and the performance of its $3 billion-plus subprime auto loan portfolio.
January 27 -
Banks are Keeping Skin in this Conduit CMBS
January 27 -
Jefferies Group has added a third lender to its latest securitization of a mortgage warehouse facility.
January 26 -
A Dubai-based aircraft fleet owner is issuing its first rated securitization of loans to purchase a new series of older passenger jets that it will lease to 13 airlines globally.
January 26 -
Sallie Mae is returning to the securitization market for the first time this year with a $585 million offering of bonds backed by private student loans.
January 26


