Increased loss expectations have weakened credit metrics in Westlake Services new $500M securitization of subprime vehicle loan receivables. The heightened risk is offset, though, by a continued expansion of its franchise network that is putting borrowers into more reliable, and more expensive, vehicles.
-
SoFi Lending Corp. is marketing its fifth portfolio of refi student loans issued to select advanced-degree professionals. Meanwhile, the Pennsylvania Higher Education Assistance Agency is packaging its second portfolio of primarily FFELP consolidated loans, a significant portion of which carry existing or prior impairments.
November 14 -
Freddie Mac is marketing its fourth offering of securities offloading the credit risk of super-conforming mortgages that it insures.
November 13 -
A Goldman Sachs affiliate submitted the winning bids in Fannie Mae's eighth nonperforming loan sale.
November 13 -
2016 2015 2014 ABS (Public + 144A) 198,825.2 255,681.1 290,588.1 ABS (Public + 144A excluding CDOs) 175,106.4 185,797.3 202,171.9 ABS (Public Only) 78,066.4 98,709.5 119,754.4 ABS (144A Only) 120,758.8 156,971.5 170,833.7 Non-Agency MBS 73,844.2 121,069.3 111,420.8 Agency MBS 244,162.2 202,405.2 198,226.1 CMBS 102,659.7 93,985.0 84,880.0 Source: Thomson Reuters
November 11 -
Underwriting league tables for asset-backed securities for the year through November 11, 2016.
November 11
-
Park Hotels & Resorts, the real estate investment trust being spun out of Hilton Worldwide Holdings, is making another trip to the securitization market.
November 11
-
Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.
November 11
-
Santander Consumer USA is smoothing out risk factors in its latest deep-subprime vehicle loan securitization. Drive Auto Receivables Trust 2016-C is a $1 billion offering of deep-subprime new and used retail auto and light-truck loans originated by Santander.
November 10 -
Verizons second handset securitization transaction is initially sized at $1.4 billion, according to a Fitch Ratings
November 10
-
UpLift is the latest Silicon Valley startup seeking to peel off a slice of the $1 trillion credit card market.
November 10 -
Italian lender Agos Ducato S.p.A. is pooling the receivables from personal, auto, furniture and other-purpose loans totaling 1.34 billion.
November 10
