The increasingly troubled sector often draws comparisons to the subprime mortgage market of the 2000s. But the more apt analogue is the auto-lending sector of the 1990s.
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General Motors is marketing its second offering of the year of bonds backed by auto leases.
May 6 -
Issuance volume of asset-backed securities for the year through May 6, 2016.
May 6 -
Underwriting league tables for asset-backed securities for the year through May 6, 2016.
May 6 -
Fannie Maes 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.
May 6
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Global Lending Services is prepping a $200 million offering of bonds backed by subprime auto loans.
May 5
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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
May 5 -
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.
May 5
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Moodys 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.
May 4 -
The early performance of bonds backed by rehabbed residential mortgages is pretty strong, according to Fitch Ratings.
May 4 -
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.
May 4
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Prosper Marketplace Inc., one of the largest U.S. online lending platforms, is slashing its workforce 28%, joining rivals in signaling investors arent as eager to fund loans after years of rapid growth.
May 4
