The unusually strong loan performance in the credit card business lasted longer than many observers expected. But today the industry's prolonged post-crisis era finally appears to be over.
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First Investors Auto Owner Trust 2016-2 is a $230 million asset-backed pooling of more than 11,000 new- and used-auto loans a transaction exceeding the pool size and loan population of recent securitizations pieced together by First Investors.
September 7 -
J.P. Morgan is marketing $235 million of mortgage bonds backed by a single loan collateralized by a portfolio of 63 Value Place extended-stay hotels, according to rating agency reports.
September 7 -
The monthly total of $5.9 billion in new collateralized loan obligation issuance in August made slight gains over Julys output, but year-to-date issuance remains sharply off 2015s pace.
September 7 -
Vistana Signature Experiences, a former unit of Starwood Hotels & Resorts, is marketing its first timeshare loan securitization under its new corporate structure.
September 7 -
Although ratings are capped on the notes, the underlying pool of loans in Caliber Home Loan's second securitization of nonprime residential mortgages have improved in quality with the inclusion of investor and second-home purchases by mainland China investors.
September 6
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The first offering of commercial mortgage bonds to hit the market post-Labor Day comes from JP Morgan Chase, which is securitizing a $900 million portion of a $1.2 billion loan on an iconic Manhattan office building at 9 West 57th Street.
September 6
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Ford Motor Co. is securitizing its second round of German auto loans this year in a 541.7 million pool of both private and commercial borrower receivables tied to significant balloon payments.
September 6 -
The earthquake that struck central Italy on Aug. 25 will have limited impact on bonds backed by residential mortgages or loans to small and medium-sized enterprises, according to DBRS.
September 6 -
The slow start to Fifth Third's 3%-down mortgage illustrates some of the logistical challenges with such programs, which are on the rise across the industry.
September 6
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Seven New York counties are issuing another $292 million of bond backed by tobacco settlement payments
September 2
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Issuance volume of asset-backed securities for the year through September 2, 2016.
September 2 -
Underwriting league tables for asset-backed securities for the year through September 2, 2016.
September 2
