Add this the list of things working against a revival in private-label securitization of residential mortgages: investors are rejecting loans at unprecedented rates because they do not comply with new regulations.
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DriveTime Automotive Group is marketing its second subprime auto loan securitization of the year, according to rating agency reports.
April 1 -
Hyundai Motor is marketing its first offering of the year of bonds backed by dealer inventory financing, according to rating agency reports
April 1 -
The Los Angeles-based manager, a unit of Canyon Capital Advisors, is issuing its first CLO in nearly a year through Canyon CLO 2016-1. The transaction is a follow-up to the $400 million Canyon Capital CLO 2015-1 issuance in April 2015.
April 1 -
AmeriCredit Financial Services, a unit of GM Financial, is marketing its second subprime auto loan securitization of the year, according to Moodys Investors Service.
April 1 -
Winston & Strawn said this week that veteran financial services attorney Keith Andruschak has joined the firms corporate practice as a partner in New York.
March 31
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Some of the biggest investors in mortgage bonds are asking the Consumer Finance Protection Bureau for additional clarification about their liability for purchases of loans that fail to comply with a new disclosure rule.
March 31 - Europe
The ambiguity over whether regulators favor risk sensitivity or simplicity in setting capital requirements does not help risk management efforts.
March 31 -
3i Debt Management priced a 400 million European collateralized loan obligation, according to Moodys Investors Service.
March 31 -
Volkswagen AGs latest auto lease securitization in Europe appears to show the automaker is making progress to repair nearly 11 million vehicles and maintain its past solid quality securitization performance in the wake of its diesel-engine emissions testing scandal that broke last September.
March 31 -
The Consumer Financial Protection Bureau on Wednesday ordered a San Diego student debt relief company to shut its operations, cancel all contracts and cease participating in the industry.
March 30 -
The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution.
March 30

