Chargeoffs and delinquencies on U.S. credit card-backed securities resumed their downward trajectory in February following a temporary increase in January, according to Fitch Ratings.
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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.
May 21 -
The new issue auto ABS pipeline this week includes a new deal from Toyoto Motor Credit Corporation.
May 21 -
BlackRock Financial Management has re-priced two classes of a $366 million collateralized loan obligation, according to Standard & Poor’s.
May 21 -
The latest generation of European CLOs may expose investors to a risk that didn’t exist in most pre-crisis deals: fluctuations in foreign exchange rates.
May 20 -
The percentage of securitized timeshare loans with late payments declined again in the first quarter, according to Fitch Ratings.
May 20
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The financial industry advocacy group named former New Hampshire governor and U.S. senator Judd A. Gregg as its next chief executive officer.
May 20 -
Travellers completed a $300 million issue of three-year catastrophe bonds with a 4% coupon; the notes are rated 'BB' by Standard & Poor's.
May 20 -
Loan extensions create risks for investors in older European collateralized loan obligations.
May 17 -
World Omni Financial Corp. plans to issue a $903.8 million from its World Omni Auto Receivables Trust program.
May 17 -
Law firm Mayer Brown hired Lawrence Berkovich, a former counsel at Dechert, as a partner in the firm's banking and finance practice.
May 17 -
Goldman Sachs, Citigroup and Jefferies priced the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.
May 17 -
CNH Capital America plans to issue its second equipment lease ABS deal of this year, the $725 million CNH Equipment Trust 2013-B.
May 17