Ally Bank is marketing another $1 billion auto loan securitization, its third of the year.
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Housing finance reform discussions are heating up and there's a growing sense that legislation can be enacted sooner rather than later. Here's why.
June 21 -
Investors had better hope it does; the spectrum rights backing the notes would be less valuable to a combined Sprint and T-Mobile, decreasing recovery in the event of default.
June 21 -
The sandwich restaurant chain will use proceeds so repay debt taken on when it was acquired by Roark Capital last year, incliuding a term loan facility.
June 21 -
Credit enhancement on the senior notes has been increased to account for a decline in residual values of some models of cars.
June 21 -
CLO managers who accept lower interest payments on loans risk running afoul of deal covenants; but if they take their money back, there are few attractive options for putting it back to work
June 20
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The marketplace lender had to offer higher investor protections on a consumer loan securitization than rival Upstart, but it also achieved a lower funding cost
June 20 -
The lender increased credit enhancement for the subordinate tranches of Springleaf Funding Trust 2017-A to offset lower FICOs and larger balances.
June 19 -
The bonds were privately placed with a group of investors led by CIT Group; CohnReznick Capital served as advisor for the transaction
June 19 -
The office market in Arlington, Virginia has taken a big hit from cutbacks at the Department of Defense, but Goldman Sachs is making a sizable bet on a comeback.
June 19 -
The near-prime accounts have less seasoning than many credit card securitizations by UK banks, at 49.9 months, the weighted average annual percentage rate is 38.12%, according to DBRS.
June 18 -
The CFPB's decision to drop a requirement that third parties verify a debt's accuracy before collecting on it is likely to speed the agency's efforts to write rules for all parts of the debt collection market.
June 16 -
As of late Thursday, there were two bond offerings backed by prime auto loans (Ford, Honda), three backed by subprime auto loans (Santander, GLS, UACC) and two backed by dealer inventory financing (Ally, Navistar).
June 16













