Advances in technology could explain why lenders continue to offer subprime car loans. While the loans are still risky, these technologies have made the process of repossessing vehicles cheaper and easier, minimizing potential losses on soured loans.
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Ford Motor Credit's latest auto loan securitization has a new feature: a revolving period during which new collateral can be added, according to Fitch Ratings.
October 2 -
CAN Capital has mandated Guggenheim Securities to manage a $191 million securitization of cash advances and loans made to U.S. small businesses to fund working capital needs.
October 2 -
Nearly half of loan market players surveyed by Thomson Reuters LPC in September expect that issuance of collateralized loan obligations will reach upwards of $125 billion this year.
October 2 -
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Recovery rates for liquidated loans in commercial mortgage-backed securities rose in 1H2014 after reaching historic lows the two previous quarters, according to Fitch Ratings.
October 1
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JP Morgan is returning with its second residential mortgage securitization in two weeks.
October 1 -
SBA Network Management has mandated Barclays to manage a $1.5 billion sale of securities backed by wireless tenant lease payments.
October 1 -
Tim Keast, will join Situs as executive managing director. He will head a new division, focused on due diligence and risk advisory for residential, consumer, SME and other structured finance products.
September 30 -
Marriott sold $240 million of bonds backed by timeshare loans in what has otherwise been a quiet week of ABS issuance.
September 30 -
Deutsche Bank is remarketing a U.K. CMBS backed by the Westfield shopping center after having pulled the deal in early August.
September 30 -
The subprime credit card business is beginning to bounce back to life after a six-year slump.
September 30 -
JMP Group, the investment banking and alternative asset management firm, has closed on its second collateralized loan obligation since the financial crisis
September 30