Nelnet priced its second deal of 2014. The $509 million transaction is backed by Federal Family Education Loan Program student loans.
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The third-ever securitization of single family rental properties is backed by newer properties and has a higher debt service coverage than the first two deals.
May 7 -
Chase is marketing another $500 million credit card securitization, according to a regulatory filing.
May 7 -
Ford Motor Credit Co. today priced its revolving extended variable program ABS, Ford Credit Owner Trust 2014-REV1, to strong investor demand.
May 6 -
The Senate Banking Committee continued negotiations over the weekend on landmark legislation to overhaul the mortgage finance system, but it remains unclear when, or if, panel leaders will reschedule a key vote on the bill.
May 6 -
Anthony Papadakis and Kevin Joseph have joined Opus Bank as managing directors in the banks structured finance division.
May 6
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American Homes 4 Rent may become the third company to issue a deal backed by rental payments.
May 6 -
The issuer plans to offer a $238M deal backed by shipping container lease revenues and residual cash flows. The arrangers are Wells Fargo, BNP Paribas and RBC.
May 6 -
Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.
May 6 -
Redwood Trust will struggle to generate revenue without securitization funding as an option according to an FBR Capital Markets report.
May 6 -
Bankers are split on whether consumers' use of credit cards will stabilize over the next two years and if their level of card debt may eventually return to pre-financial crisis levels, according to a report released by the Federal Reserve Board.
May 5 -
Hyundai is planning to issue $1.325 billion of securities backed by prime auto loans, according to a presale report published by Standard & Poors.
May 5 -
The dea, dubbedl CCG 2014-1, is the fourth term asset-backed securitization sponsored by Commercial Credit Group and rated by DBRS, and the first deal for the issuer in 2014.
May 5
