Just $7.6 billion of deals were refinanced or reset in September, bringing the total for the third quarter to $27.2 billion, far short of the pace of the first half, when approximately $138 billion was reworked.
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Deal volume of $95 billion through 10 months is at a pace that would make 2017 the second-busiest year for post-crisis CLO issuance; AAA spreads, meanwhile, have reached three-year tights.
November 7 -
The San Francisco-based lender still posted losses in its portfolio, although those declined considerably from the year-ago period.
November 7 -
Residents' low incomes usually disqualify them for standard student loan refinancings, but SoFi and other lenders describe these borrowers as strong credits with high earnings potential who could offset some of the risks lurking in student loan pools.
November 7 -
The loans are part of a €1.8 billion bad-loan purchase that Mars Capital, an Oaktree "vulture fund," made of high-risk mortgages from Irish banking authorities in 2014.
November 6 -
The $300.3 million deal will include both senior and senior-surbordinate notes secured by both floating-rate and fixed-rate loans.
November 6
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Amid the rise of online lending earlier this decade, banks were derided as being too slow to adapt. But over time it's become clear that banks hold key advantages over lending startups.
November 6 -
Similar to a transaction completed in December, the loans in the $127 million RCO 2917-INV1 were originated by Lima One Capital and Visio Financial.
November 6 -
The deal, DLL Securitization Trust 2017-A, is unusual in that it is backed almost entirely by agricultural equipment; other lessors such as CNH and John Deere securitize a mix of agricultural and construction equipment.
November 6 -
James Bennison, head of alternative capital markets at Arch Capital Group, says that a new insurance-linked security helps with regulatory capital requirements and provides information that can help the company to better manage risk.
November 3 -
GS Bank will take the name of Goldman's nascent consumer-lending business, Marcus.
November 3 -
To compensate for weakening used car prices, Hyundai has lowered the base residual value, or the amount it expects to be recovered when cars come off lease and are resold.
November 3 -
The $480 million transaction is backed by 19 primarily narrowbody aircraft with a weighted average life of 7.2 years on lease to 17 lessees located in 14 countries.
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