NextGear, a unit of Cox Enterprises, is marketing its second offering of the year of notes backed by inventory financing for used auto dealers, according to rating agency reports
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Issuance volume of asset-backed securities for the year through November 4, 2016,
November 4 -
Underwriting league tables for asset-backed securities for the year through November 4, 2016.
November 4 -
OnDeck Capital reported its fourth consecutive quarterly loss on Thursday as investors bought fewer loans and the firm was forced to make costly adjustments to its business.
November 3 -
E-CARAT 7 PLC is the latest British auto loan securitization of new and used Vauxhall Motors-branded vehicle loans originated by GMACs UK affiliate. The UK trust will issue GBP £416.7 million (US$468.18 million) in three classes of senior and subordinate notes secured by the loans.
November 3 -
The number of new credit card accounts jumped 11% to 84.9 million in the second quarter while monthly purchase volumes also increased, according to a report by the American Bankers Association.
November 3
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Park Hotels & Resorts, the real estate investment trust being spun out of Hilton Worldwide Holdings, is tapping the securitization market for a cash-out refinancing of two full-service hotels in San Francisco.
November 3 -
Subprime indirect auto lender American Credit Acceptance caters to customers with flawed FICOs that average 543, and continues to extend the vast majority of new and used auto loans beyond five years. But nonetheless, the trust joins the ranks of other issuers with AAA-rated senior notes in its latest securitization of new and used auto and motorcycle loans thouogh a a $211.25 million notes transaction.
November 3 -
A new refinance mortgage offered by Social Finance, better known as SoFi, lets consumers tap into their home equity to pay down student loan debt at terms more favorable than a traditional cash-out refi.
November 2 -
Late payments on securitized commercial mortgages climbed again in October, as they have for seven of the past eight months.
November 2 -
A first-lien mortgage loan issued for the new State Farm Mutual Insurance regional headquarters building in suburban Dallas, Tex., is being collateralized for a single-property securitization.
November 2 -
The Loan Syndications and Trading Association announced Monday that the new so-called delayed compensation standards have resulted well over 90 percent compliance in stricter settlement windows for secondary par trades.
November 2




