Fannie Mae is readying its first credit risk transfer transaction of 2017.
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New subprime auto securitizations by Santander Consumer USA and American Credit Acceptance each utilize tweaks to recent collateral pool trends to mitigate the risk of growing losses in their managed portfolios.
February 17 -
Ford Motor Credit is marketing another $1.08 billion of bonds backed by prime auto loans.
February 16 -
A federal appeals court agreed Thursday to scrap an earlier ruling against the Consumer Financial Protection Bureau's constitutionality, saying it will revisit the issue at a hearing on May 24, while also opening the door to discuss a new wrinkle in the case.
February 16
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Kroll Bond Rating Agency is maintaining its downgrade watch on portions of Diamond Resorts recent timeshare loan securitizations, expressing worries about future default levels.
February 16 -
For the third consecutive year, the captive finance credit unit of farm equipment manufacturer/dealer John Deere is choosing February to launch an asset-backed securitization of agricultural and construction equipment retail loans it originates and services.
February 16
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Bond Street in New York has gotten a commitment from the investment bank Jefferies to purchase up to $300 million of its small-business loans.
February 15 -
Hilton Grand Vacations Trust 2017-A is a $350 million, two-note structure backed by more than 16,000, prime-borrower timeshare loans representing the companys third overall asset-backed transaction since 2013.
February 15 -
Bain Capital Credit is pursuing the first U.S. CLO refinancing this year that does not appear driven by risk-retention strategies.
February 15 -
Fannie Mae has priced its first resecuritization of multifamily mortgages on energy efficient buildings.
February 15 -
Ocwen has stepped away from the business of acquiring mortgage service portfolios - for now - so the special servicer is exploring new business lines as varied as mortgage originations to alternative lending under the direction of new non-executive chair Phyllis Caldwell. a former U.S. Treasury executive.
February 14
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The San Francisco company reported a $32 million loss during the fourth quarter, bringing its losses for the full year to $146 million. For the sake of comparison, Lending Club reported profits of $4.6 million in the fourth quarter of 2015.
February 14
