DBRS said that the automated underwriting used by non-bank specialty finance companies has led to a pick-up in small, unsecured business lending. These lenders are now considering ABS issuance.
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Covered Bond issuance volumes have dropped 39% compared to the same period in 2012, on the back of better financing options offered by the European Central Bank, according to a report published by CMDPortal.
August 1 -
CarMax priced an upsized, $1 billion of notes backed by prime auto loans; the 3.72-year, AAA-rated class yields 40 basis points over swaps.
August 1 -
The certificates are backed by interest in 21 new Boeing aircrafts scheduled to be purchases by the airline.
August 1 -
National Mortgage Insurance Corp. will insure about $5 billion in residential mortgages in Fannie Mae’s first risk transfer transaction, contingent on regulatory approval.
August 1 -
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Should the European Commission and European Investment Bank follow through on proposals to spur lending to small and medium companies.
July 31 -
These deals are seeing an increase because car sales are picking up, meaning that makers are loaning more to dealers.
July 31 -
Nissan Motor Acceptance Corp. (NMAC) is motoring into the primary market with a $1 billion deal backed by prime auto loans, according to a presale report by Fitch Ratings.
July 31 -
Unicredit privately placed a €400 million ($530.8 million) of the €750 million senior tranche in its German SME CLO, Geldilux TS 2013.
July 31 -
The 2013-C15 transaction will offer investors 14 classes of notes. It's backed by 83 commercial mortgage loans secured by 136 properties.
July 31 -
The slower pace of new issuance in consumer ABS, especially from the historically largest ABS issuers, leaves the market without benchmarks to base pricing on, according to a report by Wells Fargo.
July 31 -
Wireless Capital Partners (WCP) plans to issue $150 million of notes backed by lease payments from wireless carriers.
July 30