Middle market CLOs have never recovered the role that they played in lending to small and medium-sized companies before the financial crisis; that could change now business development companies and other alternative lenders are under pressure.
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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 -
Ford Motor Credit is marketing $777 million of bonds backed by lines of credit that it extends to auto dealerships, according to Standard & Poors.
July 14 -
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
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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 -
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




