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.
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Issuance volume of asset-backed securities for the year through April 13, 2017.
April 14 -
The Kentucky Higher Education Student Loan Corp. is planning to issue $40 million of bonds backed by both private and federally guaranteed student loans
April 13 -
S&P Global Ratings has rated its second marine shipping container securitization of the year in a $196 million transaction backed by leases managed by Seaco SRL.
April 13 -
Exeter Finance Corp. took steps to reduce the risk in its first subprime auto loan securitization of 2017, completed in January. For its follow-up deal, launched this week, the indirect lender has shifted slightly into reverse.
April 13 -
A new Republican plan to streamline Dodd-Frank's capital rules, stress tests and many other requirements will be reintroduced in the coming weeks by House Financial Services Committee Chairman Jeb Hensarling.
April 13
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The LSTA is lobbying the Trump administration to eliminate or modify risk-retention rules on CLOs, preferably through the quickest route possible: the SEC's rule enforcement authority.
April 12 -
Mercedes-Benz Financial Services next offering of bonds backed by auto leases with higher credit scores than those of its previous deals.
April 12 -
First National Bank of Omaha is returning to the securitization market for the first time in two years with $384.6 million of notes backed by credit-card receivables
April 12 -
Education Secretary Betsy DeVos on Tuesday rolled back an Obama administration attempt to reform how student loan servicers collect debt.
April 11 -
Hertz Fleet Lease Funding has filed plans to issue a $300 million securitization backed by corporate auto and light-truck open-end leases.
April 11 -
Darien Rowayton Bank is preparing to issue $307.5 million of notes backed by private loans used to refinance student debt.
April 11 -
CLO managers are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules repealed.
April 11



