A growing number of home lenders are lowering their minimum credit scores in an attempt to boost origination volumes that have suffered as interest rates climb.
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U.K. bank Tesco Personal Finance Group plans to issue securities backed by U.K. Visa and MasterCard credit card receivables, according to Standard & Poors
May 22 -
Fannie Mae priced its third offering of Connecticut Avenue risk-sharing notes at significantly tighter spreads than its previous offering in February.
May 21 -
Vermont Student Assistance Corp. plans to issue $29 million in bonds backed by fixed-rate private student loans.
May 21 -
Insurers will soon have better analytical tools for predicting the damages caused by widespread inland floods in the U.S., allowing them to price this risk more accurately and, eventually, transfer more of this risk to private investors through insurance-linked securities.
May 21 -
Navient, the student loan servicer spun off from Sallie Mae in April, priced its first post-split student loan securitization on top of, or inside the corresponding class from the previous SLM FFELP transaction, SLMA 2014-2.
May 21
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Novation Settlement Solutions plans to issue $40 million in securities backed by a portfolio of receivables related to settlements of legal claims, according to DBRS.
May 21 -
Barclays Bank upsized and priced a $625 million credit card securitization, according to a person familiar with the deal.
May 21 -
Car loan debt continues to rise as more and more Americans are trading in old cars for new ones, according to a report released Monday from TransUnion.
May 20 -
Westlake Services priced the upsized $320 million Automobile Receivables-Backed Notes Series 2014- its first deal of 2014, according to a person familiar with the deal.
May 20 -
Freddie Mac has long struggled to compete with larger rival Fannie Mae because the former's mortgage-backed securities trade at a discount to the latter's. Their new regulator may change that.
May 20 -
Standard & Poors does not want to take the blame for Europe's stagnant securitization market.
May 20
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Newtek Business Services, a regular securitizer of small business loans, has added two senior executives, Susan Streich and Harold Gartner, to expand the compliance and factoring services that it provides to clients.
May 20
