DriveTime Automotive Group is marketing its second subprime auto loan securitization of the year, according to rating agency reports.
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American Honda and Ally Financial each filed for new securitization offerings Wednesday, with Honda launching its second ABS of 2016 with a $1.28 billion portfolio comprised of its typical low-interest, high credit-quality loans.
May 19 -
The $874.8 million in notes is backed by 4,053 individual loans by borrowers with blemished credit, but with rehabbed loans that have an average seasoning of 102 months. The borrowers have been current for at least the last 24 months.
May 18 -
SoFi Lending, the marketplace lender that specializes in refinancing student loans to borrowers in post-graduate medical, legal and professional fields, has baked some additional investor protections into its latest securitization.
May 18 -
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.
May 18
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After a nightmarish week, Lending Club now finds itself contemplating emergency maneuvers that would have been unimaginable at the start of the month.
May 17 -
Marketplace lenders may be able to teach banks a thing or two about speeding up loan origination, but when it comes to securitization, they could use a few pointers themselves.
May 17 -
The ranks of CLO investors may have thinned this year amid broader bond market turmoil, but it can still be difficult to put money to work with the best managers.
May 17 -
Speaking at IMNs 5th annual conference on leveraged loans and collateralized loan obligations, LSTA executive Meredith Coffey and SFIG executive director Richard Johns each gave sobering assessments of the inevitable, and possibly debilitating, arrival of new capital ratio and risk retention standards to CLOs and other ABS deals.
May 17 -
Some 69% of collateralized loan obligations completed so far comply with impending risk retention rules, according to Meredith Coffey, research director at the Loan Syndications and Trading Association..
May 17 -
Prosper Marketplace Inc. has met with investors including Fortress Investment Group about potential capital injections, according to a person with knowledge of the matter.
May 17 -
Despite a recent pickup in new issuance of both collateratlized loan obligations and the leveraged loans used as collateral, many participants at an industry conference see more trouble ahead.
May 16


