Tennessee bankers are opposed to the introduction of the green-bond financing program in the state because of the first-lien priority of PACE assessments over mortgages. PACE programs are already in place in 32 states and the District of Columbia.
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Two private equity firms, Lone Star Funds and Mars Capital, are marketing a total 750 million in bonds backed by non-performing and re-performing Irish residential mortgages.
April 7 -
Issuance volume of asset-backed securities for the year through April 7, 2017.
April 7 -
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Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.
April 6
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Navients is marketing its third offering of the year of bonds backed by federally guaranteed student loa
April 6
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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.
April 6 -
Americans are buying fewer cars; as a result, investors in auto loan ABS are getting more exposure to trucks and sport utility vehicles.
April 6 -
Subprime lender Foursight Capital has been extended its first initial triple-A rating for a structured finance transaction in its new $173.03 million auto loan securitization.
April 5 -
Furniture, electronics and appliance retailer Conns is marketing another $469.83 million of bonds backed by subprime consumer loan receivables.
April 5 -
The ongoing battle over the interest rates that online lenders can charge has moved to Colorado, which is taking aggressive steps to enforce its 12% rate cap for consumer loans.
April 5
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Blackstone and Prudential are marketing two offerings of mortgage bonds backed by over £12 billion in UK buy-to-let loans that were auctioned off last month by the British government.
April 5 -
Refinancing activity dominated the CLO market again in March, as some 50 deals totaling $20.5 billion repriced their securities.
April 4
