World Omni Financial Corp. is making its annual trip to the securitization market with auto leases.

July 5
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  • Macy’s decision to shutter another 100 of its department stores could impact some $3.64 billion of securitized commercial mortgages, according to Morningstar Credit Ratings.

    August 17
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  • Europe

    Europe’s speculative-grade corporate default rate is expected to rise slightly by next year amid lingering credit instability, slow economic growth and a growing concentration of companies in the lowest levels of junk-grade ratings.

    August 17
  • Prosper Marketplace in San Francisco reported a $35 million loss in the second quarter, adding to the struggles of the entire marketplace lending sector

    August 17
  • Arch U.S. MI's acquisition of United Guaranty Corp. will make one of the smallest private mortgage insurers the sector's new market leader. While the move is likely to ease pricing competition among the six remaining players, it's not expected to set off a wave of further consolidation.

    August 16
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  • DBRS named Nichola James as co-head of sovereign ratings. At the same time, Fergus McCormick, who had been head of sovereign ratings since 2010, will now be chief economist and co-head of sovereign ratings.

    August 16
  • JPMorgan is taking a riskier route for its second jumbo prime mortgage loan securitization of 2016. Unlike the bank’s securitization of nonconforming fixed-rate loans in June, the assets backing the $434.1 million JPMMT 2016-2 transaction are exclusively adjusted rate mortgages. They also include a cross-section of loans not meeting qualified mortgage/ability-to-repay safe harbor protections.

    August 16
  • American International Group agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group as Chief Executive Peter Hancock works to simplify his company and free up capital to return to shareholders

    August 15