Santander Consumer USA is smoothing out risk factors in its latest deep-subprime vehicle loan securitization. Drive Auto Receivables Trust 2016-C is a $1 billion offering of deep-subprime new and used retail auto and light-truck loans originated by Santander.
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Citizens Financial Group in Providence, R.I., said Tuesday that it expects to start offering digital small-business loans in mid-2017.
December 20 -
Smaller companies that perform residential mortgage servicing are rapidly growing their loan portfolios and not just in the default servicing space, according to Fitch Ratings.
December 20 -
Last week the European arm of Pinebridge Investments refinanced the Euro-Galaxy III CLO, a collateralized loan obligation originally issued in 2013, to reprice the entire transaction, according to Standard & Poor's.
December 19 -
Next Private Student Loan Securitization Comes from Goal Structured Solutions
December 19
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Smaller institutions have increased the size of their auto books in the last year, with the 25 most-active lenders reporting a nearly 7% increase. More borrower demand and a pullback by some bigger lenders are contributing to the rise.
December 19 -
It is not a clear-cut statement to say Fannie Mae and Freddie Mac need more capital, and it detracts from the real debate over long-term housing finance reform.
December 18 -
LCM is almost completely overhauling its $465.5 million LCM XIII portfolio in ways beyond just extending its reinvestment period so as to preserve an exemption from forthcoming U.S. risk-retention rules.
December 18 -
SoFi Lending Corp. is testing the market for private student loans to slightly riskier borrowers.
December 18 -
Issuance volume of asset-backed securities for the year through December 16, 2016.
December 16 -
Underwriting league tables for asset-backed securities for the year through December 16, 2016.
December 16 -
A regulatory 2017 scorecard for Fannie Mae and Freddie Mac calls on the firms to transfer a significant portion of credit risk to third-party private investors on at least 90% of unpaid principal balance of newly acquired single-family mortgages.
December 15


