Ford Motor promoted veteran executive Joy Falotico to lead the Ford Credit lending unit, making her the first woman to run the operation that provides financing to auto buyers and dealers worldwide.
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The latest asset-backed transaction, Opportun Funding IV, LLC, Series 2016-C is a $125 million offering of two classes of notes, backed by $147 million in personal consumer loans in Hispanic communities in the U.S.
October 10 -
The five-year loan to South Korean ownership group MAPS Waikiki Hotel LLC was originated by JPMorgan, and comes three years after the renovated propertys leasehold was purchased from the Blackstone Group, which had performed $110.5 million in property renovations.
October 10
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Edward DeMarco, a former director of the Federal Housing Finance Agency, argues in a new paper that utilizing Ginnie would make for a smoother transition to a new system.
October 10
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Altisource Residential, a real estate investment trust, is securitizing a portfolio of 4,262 single family rental properties that it recently acquired from Amherst Holdings.
October 7 -
Amherst Pierpont Securities has named former Jefferies executive Erez Biala to form and direct a new collateralized loan obligation trading and origination platform at the fixed-income broker-dealer.
October 6
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September was the busiest month for CLO issuance since mid-2015, accoriding to Thomson Reuters L
October 6 -
Consumer Portfolio Services' latest subprime auto loan securitization has the largest ever concentration of longer-term loans.
October 6 -
While Volkswagen continues its international efforts to remedy its 2015 diesel-engine emissions scandal, the German automaker also carries on with its ramped-up efforts since last fall to raise more capital through securitizations. The latest transaction is a 750 million (US$837.5 million) static pool of German vehicle lease receivables from both retail and commercial contracts.
October 6 -
Consumer delinquencies fell last quarter to their lowest point in at least 15 years, according to quarterly data released Thursday by the American Bankers Association.
October 6
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The Bank of Nova Scotia is launching its debut in the U.S. securitization market with bonds backed by auto loans denominated in Canadian dollars
October 6 -
The Florida Public Service Commission takes issue with the way that three U.S. credit rating agencies classify certain bonds issued on behalf of two power companies that operate in the state.
October 5 -
An affiliate of BBVA is securitizing 265 million in Spanish mortgages, a majority of which are formerly delinquent loans from the Catalonia region returned to performing status.
October 5
