A federal appeals court agreed Thursday to scrap an earlier ruling against the Consumer Financial Protection Bureau's constitutionality, saying it will revisit the issue at a hearing on May 24, while also opening the door to discuss a new wrinkle in the case.
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Presale reports were issued Monday for the $407.35 million Wellfleet CLO 201-1 and the $406.35 million NXT Capital CLO 2017-1; the two deals are the latest of four new offerings noted by ratings agencies since last week and among 14 this month.
March 21 -
In a report published Monday, Fitch Ratings noted that a timeshare loan securitization Marriott completed in 2012 has not experienced a net loss to date -- but only because the company is repurchasing bad loans.
March 20 -
Collateralized loan obligations are in such high demand that investors are increasingly willing to allow managers to actively manage portfolios for longer periods.
March 20 -
Capital One is securitizing $1.15 billion in consumer and small-business credit-card receivables, in its first asset-backed card series notes transaction since August.
March 20 -
Spire Partners priced the first new Euro-denominated CLO deal for March, the 348 million Aurium CLO III last week, according to a report published Monday by Moody's Investors Service.
March 20
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Bayview Asset Management is marketing two offerings of bonds backed by mortgages that were once delinquent but are now making timely payments.
March 19 -
JCPenney released a list of 138 stores that the retailer plans to shutter in an effort to reduce costs and drive sales growth based on its better-performing locations.
March 19 -
In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing
March 19
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The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.
March 19
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Issuance volume of asset-backed securities for the year through March 17, 2017.
March 17 -
Five prime lenders have launched $5.5 billion in new loan- and lease-backed securitizations, including the second transaction of the year for Ally Financial.
March 16 -
A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc.
March 16
