Standard & Poors said in a report today that it has declined assigning ratings to securitizations from newer subprime issuers coming to market, who may not have the same level of experience or infrastructure as the more established lenders.
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The securitization of small business loans originated by online lenders an asset class that made its appearance last April will keep growing..
September 21 -
JPMorgan Chase is planning a fourth quarter spurt of mortgage bond sales that would keep afloat the market for securities not guaranteed by Fannie Mae and Freddie Mac.
September 19 - Europe
The Volcker Rule doesnt apply on their turf, but European CLO managers are nearly as eager to come in line with the regulation as their U.S. counterparts.
September 19
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Wells Fargo has increased its forecast for issuance of collateralized loan obligations, once again, to $125 billion for full-year 2014.
September 19 -
Another $2 billion of commercial mortgage bonds priced on Thursday, bringing the total for the week to $7 billion.
September 19
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Progress Residential, a single-family rental company founded by former Goldman Sachs partner Donald Mullen, Jr., priced its inaugural securitization.
September 18 -
A split rating at the senior note level had no apparent impact on investor demand for the latest offering of commercial mortgage bonds from JP Morgan and Barclays.
September 18 -
After a quiet August, credit card securitization has resumed with a vengeance in September, with over $5.6 billion of notes sold so far.
September 18
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Ally Bank priced $1.5 billion of bonds backed by prime auto loans, according to a regulatory filing.
September 18 -
The Consumer Financial Protection Bureau has taken a sweeping approach in using its authority to propose supervision of the largest nonbank auto lenders, unveiling a plan that would effectively cover 90% of the market.
September 18 -
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The default rate on private student loans fell to 2.9% in the second quarter of 2014, according to Moody's.
September 17
