Ford issued its second ABS pool of retail auto loans this year in its $1.32 billion Ford Credit Auto Owner Trust 2016-B platform, which is the automakers fourth overall Reg AB II-compliant transaction. Nissan is looking to price the Nissan Auto Receivables 2016-B Owner Trust that will market $1.2 billion in notes of new and used prime auto loans.
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The asset-backed securitization is being issued in a three-tranche, $183M structure. This is the fourth ABS issued by Commercial Credit Group through CCG Receivables Trust.
June 2 -
The move towards a single mortgage security is moving too slowly, and that could result in a setback for this program after the election, Mortgage Bankers Association CEO Dave Stevens said.
June 1
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Although European CLO issuance picked up in March following new central bank quantitative easing efforts, volume still finished the first quarter with a 42% decline from the same period a year ago, according to Moodys Investors Service.
June 1 -
The BA Credit Card Trust 2016-1 issue will be feature a Class A tranche of BAseries notes, which BofA expects to have a triple-A structured finance rating from Moodys Investors Service and Standard & Poors.
June 1
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The Federal Housing Finance Agency is set to make the sales of nonperforming loans by Fannie Mae and Freddie Mac more transparent, including providing information on trends at the individual pool level, according to a top agency officia
May 31
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The pricing of student loans, and higher-ed degrees themselves, should have more to do with the proven earning power of a universitys graduates in the eyes of some innovators. Big data could play a huge role.
May 31
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The bonds are being issued through Harley-Davidson Motorcycle Trust 2016-A in a five-tranche notes structure, according to the filing with the Securities and Exchange Commission on Tuesday. The notes are backed by a pool of loans with a principal balance of $450 million.
May 31
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Issuance volume of asset-backed securities for the year through May 27, 2016.
May 30 -
Underwriting league tables for asset-backed securities for the year through May 27, 2016.
May 30 -
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.
May 29
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LendingClub, the online loan platform looking to restore investor confidence, is in talks with Citigroup to arrange more funding for the debts it arranges, according to a person with knowledge of the matter.
May 27
