Student loans are showing signs of growing too fast, perhaps the only market flashing a warning even as the economic recovery grows older, Citigroup Chief Financial Officer John Gerspach said
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President Trumps budget would reduce funds to the Consumer Finance Protection Bureau, cut spending for several programs aimed at providing financial services and resources in underserved communities, and eliminate a fund designed to help regulators unwind a failing megabank.
May 23 -
CLOs are increasingly negotiating with investors for longer reinvestment periods. S&P Global takes a less favorable view of the practice than the other two major rating agencies, Fitch Ratings and Moodys Investors Service.
May 23 -
Lenders are objecting to the Trump administration's proposed $30 million fee designed to partially fund upgrades to the Federal Housing Administration.
May 23 -
UBS is marketing its first offering of commercial mortgage bonds in four years, so perhaps its no surprise that the bank is relying on a third party to take skin in the game of the deal.
May 22 -
Apollo Aviation Group will sell bonds backed by aircraft lease receivables from a $612.2 million transaction representing its fourth overall securitization.
May 22
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The ability of federal agencies to interpret the Volcker Rule and other provisions of the Dodd-Frank Act could be a positive for advocates of deregulation.
May 22
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DRI Capital is marketing another $150 million of bonds backed by royalties flowing from pharmaceutical patents on established drugs, according to Kroll Bond Rating Agency.
May 22 -
Bayview Asset Management is marketing yet another $218 million of bonds backed by re-performing mortgages acquired last year from former subprime HELOC lender CitiFinancial Credit Corp., according to rating agency presale reports
May 19 -
Nationstar Mortgage is issuing its seventh securitization of nonperforming reverse mortgages.
May 19 -
BXG Receivables Note Trust 2017-A is a $120.19 million securitization of vacation interval loans originated by timeshare developer Bluegreen Corp. and sister company Bluegreen Properties N.V. The transaction is the first of the year for Bluegreen.
May 19 -
The trend of putting ever-smaller pieces of the same commercial mortgages into multiple securitizations requires investors to be extra careful, and will inevitably make workouts of bad loans more complicated.
May 19
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Issuance volume of asset-backed securities for the year through August 18, 2017.
May 19
