The bonds are being issued through Harley-Davidson Motorcycle Trust 2016-A in a five-tranche notes structure, according to the filing with the Securities and Exchange Commission on Tuesday. The notes are backed by a pool of loans with a principal balance of $450 million.
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The Consumer Financial Protection Bureau is expected to unveil a proposal on July 28 that would regulate debt collection practices.
July 15 -
Consumer Portfolio Services is planning a third securitization of its subprime auto loan portfolio in 2016, amidst slightly improved underwriting conditions but growing levels of delinquencies on receivables.
July 15 -
John Deere is preparing its second securitizatifon of equipment loans of 2016, according to Fitch Ratings.
July 15 -
Issuance volume of asset-backed securities for the year through July 15, 2016.
July 15 -
Underwriting league tables for asset-backed securities for the year through July 15, 2016.
July 15
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Portfolio managers are expecting deteriorating credit conditions in spreads and defaults in North America and Europe this summer, as the Brexit contagion spreads around the globe. In particular, 68% of managers worldwide expect to see growing defaults in the European investment-grade space this summer.
July 15 -
Ford Motor Credit is marketing $777 million of bonds backed by lines of credit that it extends to auto dealerships, according to Standard & Poors.
July 14 -
Higher conforming loan limits in high-cost areas create a risk-sharing dilemma, due to limits on how many can be bundled into plain-vanilla mortgage bonds. Here's Freddie Mac's solution.
July 14 -
Fitch Ratings and Moodys Investors Service have assigned preliminary ratings to a 700 million, 18-month revolving securitization of unsecured consumer auto loans issued and serviced by Banco Bilbao Vizcaya Argentaria, S.A.
July 13 -
Americans' longstanding relationship to automobiles owning them, driving them is set for a dramatic shift, and so is auto finance.
July 13 - Europe
Santander Consumer Holdings appointed William Rainer chairman, and it announced that Blythe Masters has resigned to advise Banco Santander its Spanish parent company on the blockchain.
July 13



