GMF Floorplan Owner Revolving Trust 2016-1, totaling $592.47 million, is only the second-ever securitization of dealer financing receivables through the GFORT vehicle, founded in 2013.
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The mixed-use office/retail complex at 693 Fifth Avenue, which was sold last month by Thor Equities for $525 million, is one of 47 loans backing the $939 million portfolio being issued by the JPMorgan Chase Commercial Mortgage Securities Trust.
July 6 -
World Omni Financial Corp. is making its annual trip to the securitization market with auto leases.
July 5 -
Bank of Montreal (BMO) is backing its third receivables-backed securitization of the year, but the first split-denomination ABS transaction of 2016 in the $1.1 billion deal. TD Bank's Evergreen Trust is also marketing a US/Canadian dollar denominated securitization.
July 5 -
An unusual way of attracting investors in the riskiest slices of collateralized loan obligations is coming under scrutiny.
July 5 -
Underwriting league tables for asset-backed securities for the year through July 1, 2016.
July 1
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Issuance volume of asset-backed securities for the year through July 1, 2016.
July 1 -
Online lender Avant is offering voluntary severance packages to its 760 employees. Avant expects the staff cuts to be roughly proportional to a projected 40% decline in loan volume this year, according to a company spokeswoman.
July 1 -
FHFA report on GSE's nonperforming loan sales highlights
July 1 -
Freddie Mac has obtained another three new insurance policies under its Agency Credit Insurance Structure program, representing the largest aggregate transaction to date.
June 30 -
Many energy lenders have begun to sour on shared national credits after years of using the hefty loans to bulk up their balance sheets.
June 30 -
U.S. CLO issuance gained traction in the second quarter, as the dollar volume of deals more than doubled after a sluggish start to the year. Nearly half the respondents in the survey now project CLO issuance to reach about $45 billion for the full year, well below forecasts made at the start of the year.
June 30 -
An eventual "Brexit" from the European Union could exclude CLO managers and investors from the CLO market under existing and proposed EU rules that restrict risk-retention and market activity to EU regulated firms.
June 30


