BMW Financial and Mercedes-Benz priced a total of $3 billion of securities backed by luxury auto lease receivables.
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Sen. Richard Durbin, D-Ill., renewed his push Thursday to allow bankruptcy judges to cram down private student loan debt, introducing a bill on the issue with 12 other Democrats.
March 13 -
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
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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 -
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 -
Westgate Resorts has completed the securitization of a pool of $175 million of timeshare loans via Westgate Resorts 2015-1.
March 10

