Furniture, electronics and appliance retailer Conns is marketing another $469.83 million of bonds backed by subprime consumer loan receivables.
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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
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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
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A combination of attractive financing and more plentiful supply of collateral CLO issuance to $10.2 billion in April. the highest level in nearly two years.
May 5 -
Lending Club, the online consumer lender whose fortunes were hurt by scandal last year, lost $29.8 million in the first quarter amid lower revenues and rising expenses.
May 5
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Risk retention rules created some big hurdles to creating new collateralized loan obligations. Yet they also opened up new avenues for investing in the market, as many managers serving as fee-for-service agents were compelled to raise the capital necessary to keep skin in the game.
May 4
