Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal.

Shellpoint Partners is preparing its first private-label mortgage securitization in over a year, according to Kroll Bond Rating Agency.

The $2-per-pack increase boosts the cost for California smokers by 35%, which Moody's said will decrease cigarette consumption across the country because California comprises 10% of total U.S. cigarette consumption.

SoFi Lending Corp. is marketing its fifth portfolio of refi student loans issued to select advanced-degree professionals. Meanwhile, the Pennsylvania Higher Education Assistance Agency is packaging its second portfolio of primarily FFELP consolidated loans, a significant portion of which carry existing or prior impairments.

Freddie Mac is marketing its fourth offering of securities offloading the credit risk of super-conforming mortgages that it insures.

A Goldman Sachs affiliate submitted the winning bids in Fannie Mae's eighth nonperforming loan sale.

2016 2015 2014 ABS (Public + 144A) 198,825.2 255,681.1 290,588.1 ABS (Public + 144A excluding CDOs) 175,106.4 185,797.3 202,171.9 ABS (Public Only) 78,066.4 98,709.5 119,754.4 ABS (144A Only) 120,758.8 156,971.5 170,833.7 Non-Agency MBS 73,844.2 121,069.3 111,420.8 Agency MBS 244,162.2 202,405.2 198,226.1 CMBS 102,659.7 93,985.0 84,880.0 Source: Thomson Reuters

Underwriting league tables for asset-backed securities for the year through November 11, 2016.

Park Hotels & Resorts, the real estate investment trust being spun out of Hilton Worldwide Holdings, is making another trip to the securitization market.

Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.

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.