Orico, a Japanese finance company, is pursuing its sixth multi-currency prime auto loan securitization in a $336.5 million deal that includes several tranches of U.S.-dollar denominated bonds.
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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 -
Navients is marketing its third offering of the year of bonds backed by federally guaranteed student loa
April 6 -
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
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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 -
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 -
Citigroup is underwriting two more Class A bond-issuances totaling $500 million backed by its consumer credit-card receivables, according to a presale report from Fitch Ratings.
April 4

