L Brands, a global retailer, and certain principals of The Georgetown Co., a property developer, are tapping the securitization market to do a cash-out refinancing of a super-regional retail complex in Columbus Ohio

Late payments on securitized commercial mortgages ticked higher again in July, for the same reason they did in June: a number of large loans fail to pay off at maturity.

New Jersey lawmakers have called a hearing next week to grill the state’s student loan authority about its collection practices and lending terms.

Foundation Finance Co., which underwrites and acquires installment loans issued by third-party home improvement contractors, is launching it’s first-ever collateralization sized at $178.15 million.

Ocwen Financial Corp. is marketing $500 million of notes backed by reimbursement rights to funds it has advanced on residential mortgages that it services.

The rating agency in the second quarter upgraded 149 tranches of senior, mezzanine or subordinate notes across 49 CLOs. By comparison, it downgraded just 13 tranches of six CLOs.

Allen & Overy has added a team of five partners specialized in leveraged financings to its New York office.

Flagship Credit Acceptance’s third subprime auto loan securitization of the year is the company’s first-ever to earn an initial triple-A credit rating.

Lending standards for most business and residential real estate loans as well as subprime consumer loans are tighter than the 10-year average, according to a survey of senior bank loan officers released by the Federal Reserve Board.

Wells Fargo, Bank of America and Morgan Stanley are keeping skin in the first risk retention compliant CMBS.

Standard & Poor’s has assigned a preliminary ‘A’ rating to a €1.5 billion four-year revolving securitization of auto, motorcycle and trailer loans originated by Santander Consumer Bank AG.

The Long Island Power Authority plans to issue another $475.26 million of tax-exempt bonds backed by restructuring charges imposed on its retail electricity customers.