The captive-finance lenders will be the leading issuers of U.S. auto lease-backed securitizations in 2017 at the close of their latest deals launched this week.
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Citigroup spent years reeling in customers with promotional rates, many of which have expired or soon will. The bank thinks it can keep a large number of those customers and make more money off of them.
October 12 -
The senior tranche of Oak Hill European Credit Partners VII has an assumed coupon that is inside of the market average for September.
October 12 -
Refinance loans account for just 21% of the collateral, and even among those borrowers, just under half have advanced degrees.
October 12 -
The California-based CDFI has a growing portfolio of renewal loans from prior borrowers eligible for higher credit limits.
October 11 -
The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.
October 11
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The collateral for the new notes will revolve over a period of two years; during this time, the notes will pay only interest and no principal.
October 11 -
The fifth SDART deal of the year benefits from the same improvement in credit quality as other recent transactions from the platform.
October 11 -
LCM 28 can pay noteholders across the capital stack based on three-month Libor or "any applicable" alternative - including one-month Libor.
October 10 -
Wells Fargo’s first private-label mortgage securitization since the financial crisis doesn’t break any new ground — and that’s probably the point.
October 10 -
Mike Cagney’s current venture, Figure Technologies, is offering consumers the ability to apply online for home equity loans and get funding in as little as five days.
October 10 -
The transaction's note size is to be determined, but is backed by €750M in lease-backed receivables, compared to €1.5 billion in VW's most recent German lease ABS in May.
October 9 -
The transaction comes six months after Adams said it was in talks about a possible merger with Fairway Outdoors and REIT conversion.
October 9















