Issuance of subprime auto-loan securitizations so far in 2013 is running slightly ahead of last year’s pace at this time, according to a note by Standard & Poor’s.
-
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
-
$40.5 million tobacco settlement securitization is in the works, but this one is backed by fees paid to law firms, rather than states that were parties to the 1998 year Master Settlement Agreement
November 15 -
The JP Morgan, Deutsche Bank-led Hilton deal is the largest since the downturn and is part of the issuer's broader debt refinancing.
November 15 -
A German auto loan securitization and two dealer floorplan transactions backed by German auto receivables are marketing in Europe this week.
November 14 -
CMBS conduit exposure to manufactured housing communities and self-storage properties, assets that are considered non-traditional, has increased in 2013 vintage deals.
November 14 -
The national mortgage delinquency rate continued its downward trend in the third quarter, dropping to 4.09% compared to 5.33% during the same period a year ago
November 14 -
Capital One is marketing $500 million of bonds backed by credit card receivables, according to ratings agency presale reports.
November 14 -
The private placement called Solar Asset Backed Notes, Series 2013-1, will have an interest rate of 4.80% and a scheduled maturity date of December 21, 2026.
November 14