BlackRock Financial Management Inc. says it has identified 85% of the targeted portfolio for Magnetite XVII, which at this point is a highly diverse mix mostly first-lien secured loans (97.6% of the assets) from 160 obligors.
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Taurus 2016-2 Deu DAC has a five-class notes structure, including a triple-A provisionally rated 140 million tranche at the top of the capital stack.
April 28 -
Santander Consumer USA Holdings second subprime auto loan securitization of 2016 provides a few clues as to why the company announced Wednesday it would be pulling back its originations in the problem-credit space.
April 28 -
Toyota Motor Credit is issuing it second round of securitizing U.S. captive-finance auto loans this year through its Toyota Auto Finance Receivables trust in what could be between a $1.2 billion to $1.6 billion notes offering, according to a federal registration filing Wednesday.
April 28 -
MassMutualAssetFinance is putting more of its business with Uncle Sam into its latest equipment lease and loan securitization package of transportation, federal energy, computers and software contracts.
April 28 -
Months after mounting an aggressive play for subprime auto borrowers, Santander Consumer USA Holdings is scaling back its presence in the market, citing aggressive risk-taking by smaller competitors.
April 27
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For the first time since the financial crisis, some collateralized loan obligations are being forced to divert funds normally used to pay junior noteholders to be used for the benefit of more senior noteholders.
April 27
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Officials in three large U.S. states Illinois, New York and California are simultaneously taking initial steps aimed at taming the largely unregulated realm of online small-business lending.
April 26
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USAA is marketing another catastrophe bond under its Residential Re platform.
April 26 -
The Connecticut Housing Finance Authority intends to offer $189 million in tax-exempt bonds to finance single-family mortgages.
April 26 -
Yum! Brands is tapping the securitization market to refinance a $2.0 billion bridge loan it obtained in connection with plans to split off its China business and modernize its three main brands.
April 26 -
Freddie Mac has revised downward its economic forecast for the remainder of 2016 following a tepid first quarter, but remains upbeat about the housing market
April 25 -
Recent prosecutions against lenders accused of usury violations will test the government's use of a law more commonly known in organized crime cases
April 25
