The weaker collateral pools in recent-vintage subprime auto loan pools are leading to rising delinquencies and portfolio losses, with July's annualized net losses climbing 17% month-over-month, and 28% year-over-year.
-
An $890.7 million trust pool of 42 loans sold to a Deutsche Bank-affiliated trust is pursuing a daily double of high-risk collateral attributes: a bevy of underlying interest-only loans and a concentration in the more volatile office and hotel sectors.
October 4 -
More than $200 billion in securitized commercial mortgages come due soon, many of them still underwater
October 4 -
Prosper Marketplace is closing the secondary market for its loans, citing a lack of demand among investors.
October 3 -
Capital One Financial plans to start issuing credit cards for the outdoor equipment chain Cabela's under a deal connected with the retailer's expected sale to Bass Pro Shops.
October 3 -
Late payment on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.
October 3
-
Nelnet is marketing its first securitization of federally guaranteed student loans of the year, according to rating agency reports.
October 3 -
The private student loan market is dominated by large players, but some community banks are turning to a third-party tech company to help them get in the game.
September 30 -
Securitized subprime auto loan losses surged 27% on an annualized basis August, putting the sector on a path to approach post-crisis record loss levels by years end.
September 30 -
Sallie Mae is marketing its third offering of the year of bonds backed by private student loans.
September 30 -
Issuance volume of asset-backed securities for the year through September 30, 2016.
September 30 -
Underwriting league tables for asset-backed securities for the year through September 30, 2016.
September 30 -
Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.
September 29

