FAT Brands is proposing a whole-business securitization to ABS investors that will help its reduce its net leverage and boost its debt-service coverage ratio.
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Vague criteria and potential "greenwashing" complicate sustainable investments in securitizations, new research suggests.
February 20 -
SoFi Professional Loan Program 2020-B Trust is a $1.06 billion asset-backed offering of bonds secured by a pool of loans made to advanced-degree graduates of medical, dental or legal universities, or MBA recipients.
February 19 -
Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.
February 19 -
Over 67% of the loan balances in Sabal Capital Partners' commercial mortgage MBS deal were for apartment buildings financed through the Irvine, Calif.-based firm.
February 19 -
A dip in conventional mortgage refinance demand drove mortgage application volume down compared with one week earlier, according to the Mortgage Bankers Association.
February 19
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A proposed change could resurrect bond buckets, but loan industry observers also point to "covered fund" changes shielding loans from a potentially disruptive court decision.
February 18 -
The deal for Boston-based Radius would be the first in history in which an online lender buys a mainstream bank.
February 18 -
The notes in Citigroup Commercial Mortgage Trust 2020-555 are backed by a beneficial interest in the trust’s $350 million portion of the 119-month fixed-rate commercial loan. The loan is secured by a 52-story New York luxury apartment building in Manhattan’s Midtown West submarket.
February 18 -
Years after criticizing the Dodd-Frank Act, the Democratic presidential candidate and former New York City Mayor Michael Bloomberg is now taking a page from the Elizabeth Warren playbook.
February 18 -
American Honda Finance's 78th term securitization has a potential upsizing to $1.62 billion - a similar option the captive-finance lender has taken in recent transactions.
February 18 -
For the first time since the start of the housing crisis, mortgage origination volume could top $2 trillion for three consecutive years, according to Fannie Mae.
February 18 -
Credit unions have seized share in auto lending. It may not be long before the same happens in auto ABS.
February 17