Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay
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Renewable Funding, a/k/a Renew Financial Group, is structuring its second round of Property Assessed Green Energy (PACE) green bonds this year financing residential renewable energy and energy efficiency projects for California homeowners.
October 24 -
Several banks, including Fifth Third Bancorp and Citizens Financial Group, plan to scale back indirect auto lending, citing increased competition and narrowing spreads. Others are reducing exposure by selling off large chunks of auto loans though they remain committed to auto lending.
October 24 -
NorthStar Realty Finance and Latitude Management are marketing a pair of commercial real estate collateralized loan obligations.
October 24 -
The rating agency has changed the way it assesses the risk of combo notes, a hybrid debt and equity instrument, to account for what happens to them when a deal is refinanced. This could result in downgrades on existing combo notes issued by 38 collateralized loan obligations. It could also complicate the way future combo notes are structured.
October 24 -
The Apollo Aviation Securitization Equity Trust 2016-2 is supported by the receivables of 35 aircraft leases to 22 airlines in 20 countries, with an initial portfolio value of $792.2 million which is almost a quarter of the investment management firms $3.1 billion in total aviation assets under management.
October 23
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You cant pull money out of thin air, but thats what Sprint Corp. appears to be doing by entering into a sale-and-leaseback agreement for a portfolio of licenses granted by the U.S. government
October 21 -
Issuance volume of asset-backed securities for the year through October 21, 2016.
October 21 -
Underwriting league tables for asset-backed securities for the year through October 21, 2016.
October 21 -
Earnest is marketing its fourth offering of bonds backed by refinance student loans, according to DBRS.
October 21 -
The number of unbanked households in the U.S. has continued to decline in recent years despite a slowing-down of the economic recovery, the Federal Deposit Insurance Corp. found in itsbiennial survey unbanked and underbanked households.
October 20 -
The debt consolidation loans originated by GE are backed by French homes, in a deal arranged by Morgan Stanley and the second true-sale securitization of debt consolidation receivables. The deal builds on a smaller initial 871.2 million SapphireOne issuance in July.
October 20 -
Santander Consumer may be scaling back its presence in the subprime auto market, but the loans it makes to prime quality borrowers purchasing Chrysler, Jeep and Dodge vehicles are performing so poorly that Fitch now considers them to be midprime.
October 20


