Ally Bank plans to issue $500 million series 2013-1 class A notes from its dealer floorplan ABS structure, Ally Master Owner Trust.
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Private student loans originated after 2008 are performing better than Federal Family Education Loan Program (FFELP) student loans, according to a Moody’s Investors Service report.
April 25 -
David Akre is the new managing director at Oak Circle Capital Partners, where he will develop opportunities in in non-agency RMBS investments, securitization and origination.
April 25 -
GE Commercial Distribution Finance Corp. issued its $500 million dealer floorplan asset-backed securitization on Wednesday.
April 25 -
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Redwood Trust has issued $2.7 billion in private label jumbo mortgage securitizations, nearly doubling its MBS issuance since restarting issuance in 2010.
April 24
- Europe
The Bank of England’s expansion of its Funding for Lending Scheme by one year to January 2015 means U.K. investor placed issues will likely continue to see little action, said market analyst.
April 24 -
A cap on the allocations of borrower accounts to not for profit servicers of the Federal Direct Loan Program could result in losses for Federal Family Education Loan Program-backed securities, said Fitch Ratings.
April 24 -
The rise in home values has limited impact on residential mortgage-backed securities loss severities on liquidated loans that are backed by properties that have been delinquent for three years or more, according to Moody’s Investors Service.
April 24 -
Europe’s auto ABS pipeline continues to build and the latest boost comes from SOFIRA’s EUR550 million ($714.5M) revolving cash securitization of dealer floorplan receivables extended to auto dealers in France.
April 24 -
First Capital closed its $283 million securitization of senior secured working capital loans to small and mid-sized private companies.
April 24 -
In the American Securitization Forum’s ongoing bid to restore securitization’s once-prominent role in funding housing, the trade group released a clutch of proposals Tuesday.
April 23 -
SeaCo plans to issue a $200 million marine container lease backed securitization deal that will be rate by Standard & Poor’s.
April 23
