A whopping 15 U.S. CLO deals priced in the first week of December, pushing issuance levels above 2015 activity as managers push to complete collateralized loan transactions before the onset of risk-retention requirements.
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SolarCity has returned with a new solar-panel financing securitization after nearly a years absence from the asset-backed market. The transaction is also its first since December 2015 featuring a collateral pool of direct loans for consumers to purchase solar-panel installations.
January 23
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The U.S. CLO market is experiencing another rash of refinancings, defying expectations for a slow start to the year.
January 23
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In order to address lenders' issues with mortgage servicing rights financing, the industry needs to reconsider its typical securitization structures.
January 22 -
General Motors is tapping the securitization market to help it provide inventory finance for automotive dealerships.
January 22 -
A tale of two cities? Santander Consumer USA on Thursday put together the first deep-subprime securitization of 2017 that also comes with the highest expected losses of any outstanding loan portfolio on the market. Meanwhile, Ally Financial launched its first deal of 2017 with auto loans from one of the best-performing prime auto-lender portfolios, in terms of losses and delinquencies.
January 22
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Issuance volume of asset-backed securities for the year through January 20, 2017.
January 20 -
President-elect Donald Trumps pick for Treasury secretary said he did not support a plan known as recap and release for returning Fannie Mae and Freddie Mac to the private sector, clarifying earlier remarks that had caused confusion about the incoming administrations housing finance agenda.
January 20
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Blackstone/GSO is refinancing a European CLO originally issued in 2014, the €400 million Phoenix Park CLO D.A.C., according to Fitch Ratings.
January 19 -
CFPB lawSuit Against student loan sevicer Navient Followed Apparent 'Ultimatum' to settle by January 20
January 19 -
Enterprise Rent a Car is tapping the securitization market for $750.2 million to finance fleets of cars and trucks that it rents to companies.
January 19 -
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.
January 19
