The asset-backed securitization is being issued in a three-tranche, $183M structure. This is the fourth ABS issued by Commercial Credit Group through CCG Receivables Trust.
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Deutsche Bank and JPMorgan Chase are readying $300 million of commercial mortgage bonds backed by a single asset a San Francisco shopping mall.
July 19 -
The consumer-finance startup CommonBond is doubling down on the education-debt market, which has been a pocket of tranquility in an otherwise volatile online lending sector.
July 19 -
The Mortgage Partnership Finance Direct program will now accept larger jumbo mortgages and a wider variety of products including hybrid adjustable rate mortgages, the Federal Home Loan Bank of Chicago and Redwood Trust said Monday.
July 18 -
JPMorgan's Next "House" residential mortgage securitization Weighs in at $2.6 Billion
July 18 -
Comenity Bank is marketing $333.3 million of bonds backed by credit card receivables from its World Financial Network Credit Card Master Note Trust, according to Fitch Ratings.
July 18
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B2R Finance, the lender backed by the Blackstone Group, is returning to the securitization market after undergoing a shift in strategy and turnover in senior management.
July 18 -
The Consumer Financial Protection Bureau is expected to unveil a proposal on July 28 that would regulate debt collection practices.
July 15 -
Consumer Portfolio Services is planning a third securitization of its subprime auto loan portfolio in 2016, amidst slightly improved underwriting conditions but growing levels of delinquencies on receivables.
July 15 -
John Deere is preparing its second securitizatifon of equipment loans of 2016, according to Fitch Ratings.
July 15 -
Issuance volume of asset-backed securities for the year through July 15, 2016.
July 15 -
Underwriting league tables for asset-backed securities for the year through July 15, 2016.
July 15 -
Portfolio managers are expecting deteriorating credit conditions in spreads and defaults in North America and Europe this summer, as the Brexit contagion spreads around the globe. In particular, 68% of managers worldwide expect to see growing defaults in the European investment-grade space this summer.
July 15
