House lawmakers started the new year off divided on Wednesday, with Democrats ultimately defeating a package of financial services measures that included relief from a key Dodd-Frank Act rule.
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Two more subprime auto loan securitizations are being shopped this week by Prestige Financial Services and United Auto Credit Corp., according to rating agency reports.
March 13 -
Macquarie Bank priced U.S. $350 million of securities backed by Australian auto loans and leases via its SMART ABS Series 2015-1US Trust, according to a regulatory filing.
March 13 -
The two prevalent forms of private-label RMBS representation and warranty frameworks that became popular following the financial crisis do a good job of detecting defective loans, according to Moody's Investor Service.
March 12 -
Nelnet is in the market with $722 million securitization of federally guaranteed student loans.
March 12 -
Ford Motor Credit is marketing a $1.6 billion securitization of prime retail auto loan.
March 12
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Wyndham Worldwide is prepping a $250 million securitization of timeshare loans, according to Fitch Ratings.
March 12 -
California is the next state planning to refinance bonds backed by settlement payments from cigarette manufacturers.
March 11 -
A CMBS with exposure to the historic Standard Oil building in downtown New York is in the market, according to a pre-sale by Kroll Bond Rating Agency.
March 11
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Westgate Resorts has completed the securitization of a pool of $175 million of timeshare loans via Westgate Resorts 2015-1.
March 10 -
President Obama has directed the Department of Education and other agencies to institute changes meant to improve student loan servicing in an initiative the White House calls "a student aid bill of rights."
March 10 -
Bondholders in CMBS with exposure to Macerich Company would be wise to watch how Simon Property Groups $22.4-billion bid for the mall operator unfolds.
March 10
