Institutional refinancing in the fourth quarter, and continued high investor demand, drove a 12% surge in year-over-year U.S. leveraged lending in 2016 to $875 billion.
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Stonebriar Commercial Finance is sponsoring a four-note, asset-backed transaction that is supported by receivables from contracts it services with an aggregate outstanding balance of nearly $340 million.
February 6 -
SuttonPark Marketing is offering its fourth structured-settlement payments securitization backed by court-ordered personal injury and lottery settlements. The company has acquired $1.23 billion of structured settlement payment accounts since 2009.
February 6 -
Scotiabanks Securitized Term Auto Receivables Trust 2017-1 (SSTRT) will issue $500 million in U.S.-denominated senior notes across four tranches. The US$400 million BMW Canada Auto Trust 2017-1 (BMWCA) is the third term securitization of retail auto lease contracts originated by BMW Canadas dealer network. Its previous deals were in 2015 and 2016.
February 6 -
In the past week, five new-issue collateralized loan obligations have been launched and/or priced by U.S. managers, after just one deal was arranged in the first two weeks of the year. The latest deals were placed by THL Credit Advisors, Sound Point Capital Partners, CIFC Management, Apex Credit Partners and Octagon Credit Investors.
February 5 -
Two lenders, DriveTime Car Sales and Mechancis Bank, launched a combined $854 million of auto loan-backed securities Friday.
February 5
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Renovate America, one of the largest providers of Property Assessed Clean Energy Loans, is expanding into unsecured lending.
February 5 -
Capital Home Loans, a Cerberus-owned issuer of older UK buy-to-let mortgages is marketing a £1.64 billion pool of the pre-crisis era loans.
February 5 -
Issuance volume of asset-backed securities for the year through February 3, 2017.
February 3 -
A federal appeals court ruling has opened the door for litigants to challenge a 2012 decision by the U.S. government to sweep all of Fannie Mae and Freddie Mac's profits into the coffers of the Treasury Department
February 2
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Late payments on both prime and subprime securitized auto loans continued to rise in December, reaching a five-year high according to Fitch Ratings.
February 2 -
GreatAmerica Leasing is making its annual trip to the securitization market to finance small ticket equipment loans and leases.
February 2 -
Companies whose financials have taken hits due to their holdings of mortgage servicing rights are in for a treat, according to Moody's Investors Service.
February 2
