Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.
-
Barclays 13th U.S. credit card securitization, and the first for 2016, has taken a shift toward older vintage accounts in its new $609.8 million pool of receivables. Fitch, S&P have issued preliminary ratings to the Class A notes in the capital stack.
July 26 -
As expected, Navient is preparing another $1.0 billion securitization of federally guaranteed loans that were once delinquent but are now making timely payments.
July 25 -
Groupe Banque Populaire, Caisse DEpargne (BPCE) is pursuing a second securitization from a revolving pool of up to 50 billion in residential mortgage loans held in its two-year-old asset-backed fund.
July 25 -
Online lender Social Finance is planning a second consumer-loan securitization in just over a month with a $480 million notes offering backed by $575 million in prime, high-earner unsecured personal loans.
July 25 -
The subprime auto lender a unit of the Spanish banking giant Banco Santander initially planned to release its earnings on Wednesday, July 27. But it said in a news release that its financial statements have "not yet been completed" due to discrepancies between current and former accountants over the way it calculates its provision for credit losses. Santander Consumer did not set a new date for the results.
July 25
-
The official platform of the Republican Party has softened language calling for the end of Fannie Mae and Freddie Mac, while continuing to demand reform.
July 25
-
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.
July 24
-
EJF Capital is marketing $333.75 million of notes backed by trust preferred securities issued by banks and insurance companies.
July 22 -
Deutsche Bank and JPMorgan Chase have found a home for the another portion of a $558 million mortgage on a San Francisco shopping mall that serves as collateral for a single-asset CMBS launched this week.
July 22 -
Issuance volume of asset-backed securities for the year through July 22, 2016.
July 22 -
Underwriting league tables for asset-backed securities for the year through July 22, 2016.
July 22 -
Since 2013, CLO Managers have been issuing notes with rates that are initially low, but step up after 18 to 24 months, betting that they can refinance them more cheaply; so far their success has been mixed.
July 21
