Mariner Finance is prepping a first-time $225 million asset-backed notes issuance supported by nearly 90,000 subprime and nonprime personal loans. Over 60% of the loans in the 'BBB+'-rated deal are unsecured and nonprime.
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Social Finance Inc.s online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.
March 14 -
Multilease AG, the finance arm of a Swiss auto importer, is making its first strip to the European securitization market.
March 14 -
JP Morgan and Deutsche Bank are relying on Massachusetts Mutual Life Insurance Co. to keep skin in their next commercial mortgage securitization
March 13 -
Navient Student Loan Trust 2017-2 is backed by federally guaranteed student loans that were once delinquent but are now making timely payments, according to DBRS.
March 13 -
Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau's Qualified Mortgage rule
March 13
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Goldman Sachs is selling $1.02 billion of bonds refinancing the Blackstone Groups acquisition of the Willis Tower, formerly known as the Sears Tower.
March 13
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The $609.6 million GoldenTree Loan Management US CLO 1 is the first broadly syndicated loan offering from a new collateralized loan management asset firm that was launched in January after entering into a services agreement with GoldenTree Asset Management.
March 12 -
EJF Capital is preparing a collateralized debt obligation backed by securities intended to help small banks and insurance companies raise capital.
March 12 -
The real problem with missed PACE payments at Renovate America is what they might signal about underwriting - and the fact that rating agencies were not in a position to spot them.
March 12 -
CNH Industrial Capital America is sponsoring an $869.9 billion bond offering backed by equipment loan contracts made to the agricultural and construction industries.
March 11 -
Issuance volume of asset-backed securities for the year through March 10, 2017.
March 10 -
BMW Financial Services new $1.17 billion auto lease securitization is being launched with one of the highest FICO scores and lowest hard credit enhancement levels of almost any recent asset-backed transaction involving luxury auto lease receivables. Including its own recent deals.
March 9
