The potentially wide-ranging effects of an appeals court decision in Midland Funding v. Madden could deal a serious blow to preemption under the National Bank Act.
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SBA Communications is tapping the securitization market for $700 million, according to rating agency reports.
June 16 -
Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.
June 15 -
EU Parliament member Paul Tang shocked the regions securitization industry last week when he proposed increasing the amount of skin in the game for asset-backeds, by four-fold, to 20% from 5%. He's giving the keynote at IMN's Global ABS conference
June 15 -
SoFi Lending Corp. is Marketing its first Rated Consumer Loan Securitization
June 15
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The $2.8 billion in CLOs that have priced this month is not enough to reverse the sluggish 2016 CLO market, which is down over 50% in both deal count and dollar volume compared to mid-2015. But six deals to date in June are pacing toward a third straight month of collateralized loan obligation deal volume topping $5 billion.
June 14 -
Moody's revised its criteria for rating FFELP ABS to take into account heavy borrower usage of Income Based Repayment.
June 14 -
Synchrony Financial said Tuesday that it is expecting loan losses to rise over the next year as more consumers struggle to pay off their credit card balances
June 14 -
Renewable Funding is preparing its first securitization of Property Assessed Green Energy Bonds, according to Kroll Bond Rating Agency.
June 14 -
Cherrywood Commercial Lending, a specialty finance company that caters to owners of smaller commercial properties, is preparing a $115 million securitization, according to DBRS.
June 13 -
A survey of insurers conducted by the Commercial Real Estate Finance Council and Trepp indicates that participants allocated 11.08% of their invested assets to commercial mortgages at the end of 2015, an increase of 40 basis points over the end of 2014.
June 13 -
Chesapeake Funding I LLC Series 2016-2 follows the $600 million offering in March in the Series 2016-1 Series, which together combine for about half the collateral pool of nearly $2 billion in receivables balances on open-ended vehicle leases serviced by Element Vehicle Management Services Group.
June 13



