U.S. banks are taking bigger risks in auto lending as they compete for market share in a sector that remains red-hot.
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Higher conforming loan limits in high-cost areas create a risk-sharing dilemma, due to limits on how many can be bundled into plain-vanilla mortgage bonds. Here's Freddie Mac's solution.
July 14 -
Fitch Ratings and Moodys Investors Service have assigned preliminary ratings to a 700 million, 18-month revolving securitization of unsecured consumer auto loans issued and serviced by Banco Bilbao Vizcaya Argentaria, S.A.
July 13 -
Americans' longstanding relationship to automobiles owning them, driving them is set for a dramatic shift, and so is auto finance.
July 13 - Europe
Santander Consumer Holdings appointed William Rainer chairman, and it announced that Blythe Masters has resigned to advise Banco Santander its Spanish parent company on the blockchain.
July 13
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Online marketplace lenders found themselves in the congressional crosshairs Tuesday just as some lawmakers are attempting to provide the industry with sought-after reforms.
July 12 -
Leveraged loan market participants will have to wait a little longer for a big change meant to speed up trade settlement.
July 12 -
Wells Fargo is marketing its second commercial mortgage securitization in two months, this time with a focus on smaller-market retail, hotel and office properties.
July 12 -
OneMain is testing investor appetite for a new kind of subprime auto loan, one that allows borrowers to cash out some of the equity in their vehicles. OneMain, formerly known as Springleaf Financial, is one of the first to securitize a pool of primarily cash-out refinancing auto loans.
July 11 -
Citigroup's next commercial mortgage securitization has heavy exposure to split loans that serve as collateral for a number of other transactions.
July 11 -
Progress Residential is refinancing its first securitization of single-family rental properties.
July 11 -
Sallie Mae Bank is preparing its second private student loan securitization of the year, according to Fitch Ratings.
July 11






