Like other increasingly risk-averse subprime auto lenders. AmeriCredit has boosted the credit quality of the collateral for its first securitizaton of the year.
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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
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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
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Wyndham Worldwide is marketing its 33rd timeshare receivables transaction in a $300 million notes issuance through its Sierra trust platform.
March 9 -
J.G. Wentworth is readying $129 million of bonds backed by structured settlements and annuities.
March 8 -
Mill City Holdings returns to market with its fourth securitization of re-performing residential mortgages, this time with a sliver of HELOCs added to the collateral mix.
March 8 -
Crédit Agricole CIB this week completed a $3 billion transaction that transfers credit risk on the banks portfolio of European project finance loans.
March 8 -
As part of its plans to grow its business in the Netherlands, risk and due diligence expert Clayton Euro Risk has announced a strategic alliance with The Dutch Mortgage Consultants.
March 7 -
Barings U.K. is serving as manager for a new collateralized loan obligation warehouse funding structure that will have a target notional value of between 320-400 million (US$338-$422.8 million), according to a report from bond rating agency DBRS.
March 7
