The Office of the Comptroller of the Currency sounded the alarm again Wednesday about two key areas in which it sees heightened risks from expanding portfolios: indirect auto lending and leveraged lending.
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Ally Financial priced its latest subprime auto loan securitization, Capital Auto Receivables Asset Trust 2014-3, wider that the levels seen in Americredits Aug. 22 print.
August 27 -
California Republic Bank plans to issue its third prime auto loan securitization of the year, according to deal documents.
August 27 -
The earthquake that struck Napa County, CA will not have any material impact on the ratings of RMBS 2.0 transactions, according to Fitch Ratings.
August 26 -
Moodys Investors Service plans changes to its methodology for rating securities backed by the debt of start up companies that could result in downgrades of up to two notches on outstanding transactions.
August 26 -
The National Association of Federal Credit Unions strongly supports the National Credit Union Administrations proposed rule on asset securitizations for credit unions.
August 26
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Barclays analysts estimate that $620 million of securitized commercial mortgages are exposed to Sundays 6.0 magnitude Napa Valley, California earthquake.
August 25 -
Standard & Poor's plans to revise its ratings methodology for U.S. securitizations of mortgage servicer advance receivables.
August 25 -
U.S. life insurance companies substantially increased their holdings of collateralized loan obligations between 2011 and 2013, according to Fitch Ratings.
August 25 -
Bank of America Merrill Lynch has increased its forecast for issuance of bonds backed by airplane and railcar leases and timeshare loans and other non-traditional asset classes for 2014 by $5 billion to $20 billion.
August 25 -
On Wednesday the Securitization and Exchange Commission will consider whether to adopt rules revising the disclosure, reporting and offering process for all things asset-backed.
August 25 -
View Thomson Reuters data on issuance for the year to date through August 22.
August 24 -
Volkswagen Financial Services plans to issue a securitization backed by U.K. auto loans, according to Standard & Poors.
August 22
