Banks have been slow to make credit cards available again to subprime borrowers; that's starting to change.
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A growing number of defeased loans as well as the transfer of loans to special servicing led Standard & Poors to increase Rating Agency Confirmations in 2013.
January 14 -
Household indebtedness as a share of disposable income the debt-to-income ratio has continued to fall in Europe since 2009-2010, according to a report Wednesday by Moodys Investors Service.
January 14 -
DriveTime Automotive Group is planning a $267.75 million subprime auto loan securitization, DT Auto Owner Trust 2014-1, according to a presale report from Kroll Bond Rating Agency.
January 14 -
Discover Bank priced $800 million of class A, five-year notes from its Discover Card Execution Note Trust. The deal was upsized from $500 million.
January 14 -
Fannie Mae is marketing its second offering of notes designed to offload some of the risk of default on mortgages that it insures to private investors.
January 13
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Sallie Mae is prepping its first student loan securitization of the year, the $745 million SLM Student Loan Trust 2014-1.
January 13 -
Managers arent waiting around to see if collateralized loan obligations get a last-minute reprieve from the Volcker Rule. Some recently priced deals by managers including Columbia Management Investment Advisors and Black Diamond Capital Management, have provisions for excluding investments in corporate bonds.
January 13 -
Discover Bank plans to issue up to $500 million of class A, 5-year notes from its Discover Card Execution Note Trust.
January 13 -
The $1.5 billion benchmark deal will kick off the year in prime auto loan securitizations.
January 13 -
Eric Smith takes on the role of business development leader. He will develop new business opportunities, and work with clients in liquidity, valuation, capital, financing, servicing and investment.
January 13 -
The bid list for its second auction has been distributed to only of the most competitive firms based on the strength of their reverse inquiries.
January 10 -
Banks could end up holding more home loans on their balance sheets next year instead of selling them to Fannie Mae and Freddie Mac, the result of fee increases that are designed to increase the role of private capital in the mortgage market.
January 10