Issuance volume of asset-backed securities for the year through May 6, 2016.

Underwriting league tables for asset-backed securities for the year through May 6, 2016.

Fannie Mae’s investment portfolio – once the source of a bulk of its revenues – continued its rapid decline in the first quarter, but executives said they are comfortable focusing on other areas for growth going forward.

Global Lending Services is prepping a $200 million offering of bonds backed by subprime auto loans.

The Treasury Department will release a white paper next week outlining “research and recommendations” related to marketplace lending as a capstone to its nearly yearlong inquiry into the fast-growing industry

VCL Master Netherlands B.V. is a Euro-denominated ABS that will issue two series of notes backed by €260.05 million in outstanding principal of from more than 14,000 vehicle lease contracts, as well as €108.97 million in receivables’ residual values.

Moody’s Investors Service has assigned a provisional ‘Aaa’ rating to the class of €556.5 million Class A floating rate notes. None have been assigned to the €43.5 million Class B stack.

The early performance of bonds backed by rehabbed residential mortgages is pretty strong, according to Fitch Ratings.

The $828.6 million American Airlines Series 2016-2 trust certificates will be secured by 22 recently or soon-to-be delivered, newly manufactured Airbus and Boeing passenger jets, American reported in a filing with the Securities and Exchange Commission.

Prosper Marketplace Inc., one of the largest U.S. online lending platforms, is slashing its workforce 28%, joining rivals in signaling investors aren’t as eager to fund loans after years of rapid growth.

Credit Acceptance Corp. received a subpoena from the Maryland attorney general regarding its repossession and sales policies, the subprime lender disclosed Monday.