XL Insurance (Bermuda) has completed a $300 million catastrophe bond, according to GS Securities, the deals sole structuring agent and bookrunner.
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Underwriting league tables for asset-backed securities for the year through April 22, 2016.
April 22 -
The number of new claims related to sellers of legacy mortgage-backed securities from the financial crisis may have peaked, but lawsuits against trustees and servicers may linger for at least a few more years.
April 22
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Flagship is marketing its fourth subprime auto loan securitization since its merger with CarFinance in January 2015, according to Kroll Bond Rating Agency.
April 21 -
LendingClub Corp., a pioneer of online marketplace lending, said it raised rates for borrowers again to reflect a gloomier economic outlook and worse-than-expected performance for some of its riskiest loans.
April 21
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Fannie Mae has completed its latest Credit Insurance Risk Transfer transaction, the tenth deal since the programs inception in 2013
April 21 -
An online student loan refinancing business that was recently spun off from a Virginia bank has been rebranded as Purefy Inc.
April 21 -
Avant, the marketplace lender that added former FDIC Chairman Sheila Bair to its board this month, is marketing its second rated securitization of loans to consumers with less-than-stellar credit.
April 20 -
Strong investor demand for two recent securitizations by Navient, the largest servicer of federally guaranteed student loans, suggests that banks may soon have an opportunity to resume unloading such assets.
April 20
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NextGear Floorplan Master Owner Trust 2016-1 is an ABS of two pools of auto and specialty vehicle loan receivables from dealers using the funds to purchase used cars and trucks from auto auctions that include inventory from other dealers as well as salvage-title cars.
April 20 -
Velocity Commercial Capital is returning to the securitization market, having tightened underwriting of small balance commercial loans following the disclosure that one of its borrowers misrepresented the use of proceeds.
April 19 -
The Consumer Financial Protection Bureau's agenda is so packed it's no wonder that when Director Richard Cordray testifies on Capitol Hill, he has to tackle a huge array of subjects. Following are areas where the agency has proposals or final rules outstanding:
April 19
