The U.S. ABS market's post-July 4 issuance is a mix with Wyndham Worldwide Corp. and Sallie Mae joining two auto transactions from Hyundai Motor Co. and World Omni Financial Corp.
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Fitch Ratings predicts that the factors that have contributed to more securitizations of subprime auto loans will remain in place.
August 28 - Europe
Delinquencies in Spanish small or medium enterprise ABS has reached an all time high, with no sign that the trend will diminish in the near term.
August 28 -
The Bank of England’s program of easy money for banks and building societies may not hit ABS and MBS issuance as much as first thought.
August 28 -
Daniel Ornstein joined GoldenTree and is cohead of its trading business along with Corey Geis.
August 28 -
There is a clause in the Treasury’s revised bailout deal allowing Fannie Mae and Freddie Mac to sell up to $250 million of assets in one fell swoop.
August 28
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The National Association of Insurance Commissioners may increase the capital requirements primarily on securities that are not currently classified as NAIC 1.
August 28 -
Nissan Motor Acceptance Corp. is planning to issue a transaction under its Nissan Auto Receivables Owner Trust.
August 28 -
Kelly Thompson Cochran will now serve as the acting assistant director for regulations at the Consumer Financial Protection Bureau.
August 27 -
The federal regulatory monitor of the robo-signing agreement with the five servicers has recruited five directors to help manage the Office of Mortgage Settlement Oversight.
August 27 -
Hertz Chairman Mark Frissora said that, over time, Hertz would assume Dollar Thrifty’s financing of its fleet of rental cars that are currently financed via securitization.
August 27 -
The National Association of Realtors projected that multifamily vacancy rates will fall to 4.2% this quarter versus 5.6% a year ago.
August 27 -
The most recent collateralized debt obligation rated by Standard & Poor’s would bring total issuance in the sector in the year to date to $23.8 billion, according to the agency.
August 27