Is New Residential running out of rights to exercise clean up calls on older, private-label mortgage securitizations?
-
Subprime lenders are adding $1.74 billion to the auto-loan ABS market this week in a trio of deals marking the second issuance of the year for each.
May 18 -
Hyundai Capital America is marketing its second auto-lease securitization of new Hyundai and Kia vehicles this year, totaling $1.12 billion in bonds. This is the 12th overall lease transaction for Hyundai Capital.
May 18 -
Ford Motor Credit and Mercedes-Benz Financial Services USA launched a pair of dealer floorplan securitizations totaling $1.9 billion Thursday.
May 18 -
State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.
May 18 -
SoFi Lending Corp. is marketing its third securitization of the year of loans refinancing the student debt of high earning professionals, as it continues to accelerate the pace of lending.
May 17
-
Volkswagen Finance S.A., E.F.C. is selling 750 million in bonds in its fourth public securitization of auto loans extended to borrowers purchasing VW Group vehicle models in Spain. Only 2.2% of the pool is impacted by the lingering fallout from the 2015 emissions scandal, according to Moody's.
May 17 -
As financial institutions look closer at the increasingly detailed consumer credit data available, they are learning consumers are more apt to pay off personal loans before mortgages, auto loans and credit cards
May 17 -
Nelnets first federally guaranteed student loan securitization in almost a year is backed primarily by consolidation loans.
May 16 -
Prosper Marketplaces first new unsecured consumer loan securitization of 2017 has an unusual selling point: a collateral pool of higher-risk loans that it nonetheless believes will improve on recent rising default rates.
May 16 -
Corporate vehicle leasing giant Element Fleet Management is launching a $650 million securitization of open-end truck and auto leases serviced by its Gelco subsidiary.
May 16 -
The Federal Deposit Insurance Corp. has so far managed to stay out of the growing battle over how the U.S. fintech sector should be regulated, but that appears likely to end as one of the nations largest online lenders announced plans to apply for a specialty banking charter soon.
May 16 -
S&P and DBRS have diverged on rating the senior notes in a $175.26 million securitization of private student-loan refinancings from Earnest Operations. Also, Comenity Bank has a new private-label card transaction through its World Financial master trust.
May 15


