The CarMax Auto Owner Trust 2017-1 is among six asset-backed transactions so far this year involving both prime and subprime auto loan and lease pools identified through ratings agency presale reports and regulatory filings.
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Increasingly, these transactions are being structured to give lessors more flexibility in terms of both the types of collateral and the ability to actively trade aircraft. As a result, transactions more accurately reflect lesssors fleets
February 19
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Marketplace lender Kabbage is marketing $500 million of bonds backed by small business loans and lines of credit. The transaction, dubbed Kabbage Asset Securitization 2017-1, refinances a $270 million facility it obtained in 2014 that is set to expire.
February 19 -
Ocwen Financial has reached a deal with California authorities to resolve allegations that the mortgage servicing firm -- a frequent target of regulators in recent years -- again violated a range of state and federal laws.
February 19 -
Issuance volume of asset-backed securities for the year through February 17, 2017.
February 18 -
Asset-backed securities that priced in the two weeks ended February 17, 2017.
February 18
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Canadian banks are increasingly crossing the border to fund their credit card programs, taking advantage of lower borrowing costs available in the much larger U.S. market.
February 17
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New subprime auto securitizations by Santander Consumer USA and American Credit Acceptance each utilize tweaks to recent collateral pool trends to mitigate the risk of growing losses in their managed portfolios.
February 17 -
Ford Motor Credit is marketing another $1.08 billion of bonds backed by prime auto loans.
February 16 -
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.
February 16
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Kroll Bond Rating Agency is maintaining its downgrade watch on portions of Diamond Resorts recent timeshare loan securitizations, expressing worries about future default levels.
February 16 -
For the third consecutive year, the captive finance credit unit of farm equipment manufacturer/dealer John Deere is choosing February to launch an asset-backed securitization of agricultural and construction equipment retail loans it originates and services.
February 16 -
Bond Street in New York has gotten a commitment from the investment bank Jefferies to purchase up to $300 million of its small-business loans.
February 15
