Exeter Finance Corp. took steps to reduce the risk in its first subprime auto loan securitization of 2017, completed in January. For its follow-up deal, launched this week, the indirect lender has shifted slightly into reverse.
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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
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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 -
Goldman Sachs is marketing nearly $1 billion of commercial mortgage bonds backed primarily by office and retail properties.
May 15 -
A Dutch mortgage lender is planning a second green securitization of 400.7 million in home loans for properties meeting certain energy efficiency and low-carbon footprint guidelines.
May 15 -
Construction lending could make a comeback if bankers persuade Congress to reform capital and other complicated rules on so-called high volatility CRE loans. But will regulators go for it?
May 12 -
Barclays U.S. credit card master trust is issuing $632.9 million in new notes backed by a revolving pool of primarily co-branded card receivables.
May 12 -
A leading non-life insurance premium financing (IPF) provider in the UK is preparing an asset-backed transaction backed by a pool of £1 billion in payment-plan receivables.
May 12


