Ocwen Financial Corp. is ramping up a venture that involves purchasing single-family loans out of old private-label residential mortgage-backed securities.
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A busy week of consumer ABS issuance saw over $6.7 billion of securities backed by auto and credit card assets readily absorbed by investors.
October 10 -
PFS Financing Corp began marketing its second securitization backed by insurance premium finance loans of the year.
October 10 -
FGA Capital, the company formed by a joint venture between Fiat and Credit Agricole, is gearing up to sell 437.5 million of senior rated securities backed by Italian auto loans.
October 10 -
Santander Consumer Finance plans to sell securities backed by Finnish auto loan receivables.
October 9 -
Accord Mortgages, a subsidiary of Yorkshire Building Society plans to securitize a £1.3 billion ($2.09B) portfolio of UK residential mortgages.
October 9
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Borrowers included in 2014 vintage private label residential mortgage pools as well as 2014 vinatge GSE risk share bonds have taken on more debt, as evidenced by the transactions higher LTVs.
October 9 -
Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.
October 9 -
CNH Industrial Capital America is prepping a $1 billion equipment lease securitization,
October 9 -
CNH Industrial Capital America is prepping a $1 billion equipment lease securitization,
October 9 -
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Discover plans to issue $500 million of securities backed by credit card receivables from its credit card trust.
October 8 -
Capital Automotive plans a $475 million securitization of leases on auto dealerships.
October 8
