Topped by a $355.6 million, triple-A rated Class A notes tranche, the Hertz Fleet Lease Funding (HFLF) LP Series 2016-1 carries similar structures to the previous issue in the 2015-1 version, with the exception of the inclusion of a split floating-/fixed-rate split of Class A notes.
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Freddie Macs newest form of mortgage reinsurance transfers the risk of credit losses on 15-year residential mortgages that it insures.
May 26 -
Hertz Corp. is marketing two as-yet unsized offerings of notes backed by its auto rental fleet, according to rating agency reports.
May 25 -
The Obama administration and an independent federal banking agency are advising the Supreme Court not to review a lower-court ruling that has roiled the marketplace lending sector and caused consternation throughout much of the consumer finance industry.
May 25 -
Federal Housing Finance Agency Director Mel Watt sounded alarm bells Tuesday about Home Loan Banks' reliance on short-term funding in the form of discount notes.
May 24 -
The due-diligence firms that vet loans before securitization are erring on the side of caution when assessing the risk to investors of liability from the new consumer mortgage disclosure rules.
May 24
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A surge of bankruptcies and a trio of distressed exchanges so far in May show that speculative-grade corporate liquidity remains under pressure heading into the summer, according to Moody's.
May 24 -
In a report published Tuesday, Wells said that retailer loans held by collateralized loan obligations are performing as well, if not better, than most of other loans in CLO portfolios, outside of the oil and gas industries. In addition, only 8% of retail loans in CLOs are trading under $80.
May 24 -
The Synchrony Credit Card Master Note Trust is issuing a $650.6 million notes offering including $547 million in Class A and Class B notes to be issued with 27% and 20% credit enhancement, respectively. That mirrors, to the dollar, its previous private-label credit card securitization in March.
May 23 -
Before we write off marketplace lending, let's remember: we are still at the relative beginning of this journey. There will be some bumps in the road, as there are for new companies in any field. Innovation takes time and so does building a great company.
May 23
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Renovate America is marketing another $305.3 million of bonds backed by Property Assessed Clean Energy bonds financing energy efficiency renovations for California homeowners.
May 23 -
New Residential is marketing another $301 million securitization of re-performing mortgage loans, according to Moody's Investors Service.
May 23 -
A committee convened by the Federal Reserve to examine potential replacements for widely used interbank offered rate benchmarks has published its interim conclusions, identifying two potential alternatives.
May 22
