Wells Fargo is exploring the sale of some mortgage servicing rights because the market is flush with potential buyers and it sees little opportunity to cross-sell many servicing clients.
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California Republic Bank priced $247 million of bonds backed by subprime auto loans, according to a regulatory filing.
November 19 -
Although the fate of General Electric Companys $9.2 billion of outstanding credit card securitizations will depend on how its retail exit plays out, higher credit enhancement levels are likely in the cards.
November 19 -
The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureaus top official in charge of dealing with student loans.
November 18 -
Ally Financial plans to issue its fourth securitization of non-prime quality auto loans in 2013 via the $778 million Capital Auto Receivables Asset Trust 2013-4.
November 18 -
Barclays said in a report on Friday that JP Morgan's payout on RMBS claims is 37% smaller than Countrywide's payout on its RMBS settlement, which is likely to raise some issues with bond investors.
November 18
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A consensus of expectations among CMBS investors polled by J.P. Morgan is for new issuance to reach $90 billion in 2014.
November 18 -
Mercedes-Benz Financial Services has structured a $1.3 billion securitization of auto leases and Ford is in the market with a $1.4 billion securitization of auto loans.
November 18 -
The Pennsylvania Higher Education Assistance Agency plans to issue $878 million securitization of Federal Family Education Loan Program (FFELP) loans.
November 15 -
Santander Consumer USA priced its $1 billion securitization of subprime auto loans called Santander Drive Auto Receivables Trust, 2013-5.
November 15 -
CIT Group closed an upsized, $750 million equipment lease securitization.
November 15 -
Another $158.6 million in asset backed bonds backed by timeshare receivables boost volumes for the asset class to $2.3 billion, according to Standard & Poors.
November 15 -
In a sign of the interest among U.S. professionals in refinancing their federal student loan debt, start-up lender Social Finance is planning its first loan securitization.
November 15