PHH is selling its remaining residential mortgage servicing portfolio to the real estate investment trust New Residential.
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In the past week, five new-issue collateralized loan obligations have been launched and/or priced by U.S. managers, after just one deal was arranged in the first two weeks of the year. The latest deals were placed by THL Credit Advisors, Sound Point Capital Partners, CIFC Management, Apex Credit Partners and Octagon Credit Investors.
February 5 -
Two lenders, DriveTime Car Sales and Mechancis Bank, launched a combined $854 million of auto loan-backed securities Friday.
February 5 -
Renovate America, one of the largest providers of Property Assessed Clean Energy Loans, is expanding into unsecured lending.
February 5 -
Capital Home Loans, a Cerberus-owned issuer of older UK buy-to-let mortgages is marketing a £1.64 billion pool of the pre-crisis era loans.
February 5 -
Issuance volume of asset-backed securities for the year through February 3, 2017.
February 3
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A federal appeals court ruling has opened the door for litigants to challenge a 2012 decision by the U.S. government to sweep all of Fannie Mae and Freddie Mac's profits into the coffers of the Treasury Department
February 2
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Late payments on both prime and subprime securitized auto loans continued to rise in December, reaching a five-year high according to Fitch Ratings.
February 2 -
GreatAmerica Leasing is making its annual trip to the securitization market to finance small ticket equipment loans and leases.
February 2 -
Companies whose financials have taken hits due to their holdings of mortgage servicing rights are in for a treat, according to Moody's Investors Service.
February 2 -
Intermediate Capital Managers broke the ice on new CLO deals in Europe this week as it priced a new 400 million portfolio of broadly syndicated loans and high-yield bonds.
February 2 -
Prosper Marketplace, a pioneering online lender that has struggled recently, has hired a former USAA executive as its chief financial officer.
February 1 -
Prop 2017-1, as it is simply designated, is a $411 million ABS comprised of three classes of loans that will finance 63 aircraft that Elix Aviation has on lease to 17 airlines. Elix, majority owned by Oaktree Capital Management, focuses exclusively on the regional turboprop aircraft market.
February 1
