Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage backed securities in 2006 and 2007.
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The performance of aircraft, railcar and auto fleet lease securitizations will continue to benefit from steady, if modest economic growth
January 4 -
Ascentium Capital is securitizing a $100 million loan facility partially backed by a pool of equipment loans and leases it finances.
January 3 -
Marble Point Credit Management of Greenwich, Conn. has acquired the CLO platform of American Capital Credit Management.
January 3
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Capital One Financial in McLean, Va., is facing regulatory delays in its bid to buy a credit card business from the outdoor equipment chain Cabela's.
January 3 -
Late payments on securitized commercial mortgages climbed sharply in December to a 14-month high, led by office buildings.
January 3
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Monthly chargeoffs in U.S. prime credit card asset-backed securities fell to a new low of 2.33% in December, according to Fitch Ratings monthly index results. However, retail credit-card performance saw "mixed" results with chargeoffs rising but monthly payment rate (MPR) levels improving.
January 3 -
Despite mounting losses, credit ratings agencies maintain a steady-but-cautious outlook for subprime auto loan securitization portfolio performance in 2017.
January 3 -
The Federal Housing Finance Agency is making it easier for Federal Home Loan banks to expand the kinds of collateral they can accept for advances
December 30 -
Issuance volume of asset-backed securities for the year through December 30, 2016.
December 30 -
Underwriting league tables for asset-backed securities for the year through December 30, 2016.
December 30 -
Iconix Brand Group is selling another brand in its portfolio order to further reduce its indebtedness
December 30 -
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.
December 30