With new management at the helm, Exeter Finance Corp. spent the past year trying to halt a slide in credit quality, profits and the performance of its $3 billion-plus subprime auto loan portfolio.
-
Rules requiring issuers of asset-backeds to keep "skin in the game" of deals haven't been as burdensome as many featured.
February 28 -
The slow pace of new issuance is likely to compel CLO investors to accept even smaller risk premiums, according to participants polled at an industry conference Monday.
February 27 -
Securitization pros are guardedly optimistic about the Trump Administrations impact on the industry, even if no one expects to see a rollback of regulations imposed by the Dodd-Frank Act in the immediate future.
February 27 -
The Structured Finance Industry Group is teaming up with the trade association for the blockchain industry to explore ways that distributed ledger technology can be used to speed up transaction processing and improve transparency.
February 27 -
World Omni Financial Corp. is leasing cars to consumers with lower credit scores, and the risk is being compounded by the fact that so many leases mature at the same time.
February 27
-
Panelists at SFiG Vegas questioned just how different marketplace lenders are from more traditional lenders.
February 27 -
The fintech firms Nymbus and Monzo separately announced that investors are pouring in additional money to fuel their growth.
February 26 -
PineBridge Investments has priced its first collateralized loan obligation of the year.
February 26 -
Fannie Mae is planning another transaction that shifts credit risk on mortgages before it acquires them.
February 26 -
Issuance volume for asset-backed securities for the year through February 24, 2017.
February 24 -
Värde Partners, a Dallas-based firm with over $12 billion in existing or previously distressed acquisitions, has pooled 201 of commercial, vacant land and residential properties in the $348.2 million VSD 2017-PLT1 asset-backed transaction rated by Kroll Bond Rating Agency.
February 24 -
Mariner Investment Group has launched offering of private-label resident mortgage bonds, but its hard to characterize the collateral.
February 23