An improved loan pool in the issuers 2014-2 auto loan securitization led to lower credit enhancement on the notes.
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Timeshare operator Orange Lake Country Club return to the market for the first time in two years with a $148 million securitization.
July 31 -
OFS Capital Management and GSO/Blackstone Debt Funds Management are in the market with collateralized loan obligations, adding nearly $1.1 billion to the new issue pipeline.
July 31 -
Carlyle Investment Management and MJX Asset Management have added a total of $1.4 billion to the CLO pipeline, according to presale reports from Fitch Ratings.
July 30 -
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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.
July 30
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The subprime auto ABS pipeline cleared $431 million of notes offered by CarFinance and American Credit Acceptance.
July 30 -
JP Morgan Chase and Barclays plan to issue $1.12 billion of commercial mortgage backed securities via the JPMBB Commercial Mortgage Securities Trust.
July 30 -
Discover Bank priced an upsized $1.2 billion credit card-receivable securitization, according to a filing with the SECmore than double the $500 million originally on offer.
July 30 -
United Airlines priced over $1 billion of aircraft enhanced equipment trust certificates (EETC), according to deal documents.
July 30 -
The solar industry is still developing, but Mercatus CEO Haresh Patel has suggestions for banks that want to get in on it now.
July 29 -
Bank of America Merrill Lynch is preparing its next large loan transactionthis time backed by a first-class office building in Midtown Manhattan, according to a presale report by Kroll Bond Rating Agency.
July 29 -
Deutsche Bank's latest CMBS will offer investors securities backed by a standalone commercial real estate property. The capital structure will also offer notes backed by a pool of three large loans, secured by 17 properties.
July 29
