Volkswagen Bank's Driver 15 is its first German auto-loan securitization since March, as Europe's largest auto-finance company furthers a comeback from the 2015 VW diesel-engine scandal.
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Auto loan securitization has been in overdrive this year, even if the global tussle over import tariffs is injecting a note of caution.
September 24 -
While banking regulators are currently looking the other way when corporate debt packages exceed 6.0 leverage, that could easily change under a new administration or Congress.
September 24 -
The CEOs of Fannie Mae and Freddie Mac are stepping down because the job they were hired to do — return the GSEs to profitability — is done. But attracting top-flight candidates to lead the mortgage giants into a new phase may not be easy.
September 24 -
Look for more providers of property assessed clean energy financing for commercial buildings to follow CleanFund and Greenworks Lending into the securitization market next year.
September 24 -
The agency wants more information as it conducts fair-lending exams, but conflicting statutes make writing a data collection rule difficult.
September 21
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Moody's sees $10.7 billion of securitized commercial mortgages at risk, Morningstar just $1.49 billion; both say loans in Freddie Mac K-deals account for a significant portion of exposure.
September 21 -
The private-label card issuer has expanded into co-branded Mastercard accounts with several retailers, which have higher payment rates and fewer delinquencies than cards exclusive to partnering store chains.
September 20 -
Whereas most regulators appointed in the Trump administration are focused on rolling back the post-crisis framework, Nellie Liang helped create it.
September 20 -
A new financial technology company called Scratch is planning to use a new web-based platform along with an alternative pricing model to compete with companies that service mortgages and other consumer loans.
September 20 -
Net-loss and payment-rate performance for the bank's World Financial Network master trust platform has fallen short of private-label card issuer peers the last two years.
September 20 -
A conflict between risk retention rules and prohibitions against self-dealing were limiting options for some lenders to hold skin in the game; a no-action letter issued to Golub Capital creates a "clear path" to compliance.
September 20 -
Tetragon Credit Income Partners is considering a move outside its niche CLO equity investment strategy in expanding its portfolio management team.
September 19















