Three Republican senators introduced a bill this week designed to deter predatory lending practices associated with the financing and installation of energy and water efficiency upgrades.
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Palomar Specialty Insurance Co. said Wednesday closed on its first catastrophe bond. The $166 million Torrey Pines Re will provide Palomar with protection against multiple perils over a three-year period.
May 10 -
Fitch Ratings has lowered its outlook on some subordinate tranches of credit card backed notes issued by World Financial Network Credit Card Master Trust, citing rising chargeoffs.
May 9 -
Borrowers have had an uphill battle maintain a class action against student loan servicers; this could change as a result of the Trump administrations efforts to dismantle the CFPB.
May 9
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Social Finances new $530 million consumer loan securitization, its third of the year, is the first to earn a double-A, from both Kroll Bond Rating Agency and S&P Global Ratings.
May 9 -
Fannie Mae and Freddie Mac issued proposals Monday to create pilot programs for loans on mobile homes, part of an ambitious federal effort to find creative solutions for underserved and rural housing markets.
May 9
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Textainter is selling $300M in notes backed by global leases for marine cargo containers, marking the third esoteric container ABS of 2017.
May 8 -
The commercial mortgage bond market got off to a busy start Monday, with the launch of two single-asset deals one backed by a Manhattan office building and the other by a portfolio of hotels and a conduit.
May 8 -
BMW Bank Gmbh will sell Euro bonds through the Bavarian Sky S.A., Compartment German Auto Loans 6 trust, which includes a 744 million, seven-year Class A note tranche that S&P is rating AAA.
May 8 -
Issuance volume of asset-backed securities for the year through May 4, 2017.
May 8 -
Alitalias financial woes have yet to impact the 10 or so bond offerings backed in part by aircraft the carrier has leased, but Kroll Bond Rating Agency is closely monitoring the situation.
May 5 -
Oklahoma Gov. Mary Fallin vetoed legislation Friday that would have expanded high-cost consumer lending in the Sooner State.
May 5 -
While proposed corporate tax cuts by the Trump administration would largely be good for Fannie Mae and Freddie Mac, they would be required to make an initial adjustment that could force a draw from their line of credit with the Treasury Department.
May 5
