Lending Club announced Friday that it is making changes to its contractual relationship with the bank that issues its loans. The move is designed to protect San Francisco-based Lending Club against legal challenges to its business model.
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Morgan Stanley and Bank of America Merrill Lynch are using a regional mall in Oklahoma City to dress up another highly leveraged offering of commercial mortgage bonds.
April 18 -
Napier Park Global Capital, the hedge fund spun out of Citigroup, has found a new way to raise money to invest in railcars.
April 18 -
Onex Credit Partners is launching its first CLO of 2016, and 11th overall, following up a 2015 when the private equity group issued three collateralized loan obligations of mostly similar sizes.
April 18 -
As financial regulators consider how to fit the burgeoning marketplace lending industry into the existing regulatory structure, banks and consumer advocacy groups are beginning to question how community reinvestment and anti-redlining statutes might be applied, if at all.
April 18 -
A $388.5 million securitization is being planned for a single commercial loan to the Palisades Center Mall in New York, a metro super-regional mall emerging from two years of renovations and major retail tenant poachings by a rival development.
April 17
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Underwriting league tables for asset-backed securities for the year through April 15, 2016.
April 17 -
Golden Credit Card Trust Series 2016-3 and 2016-4 will each include three classes of notes with the size of the issuance to be determined. The floating-rate Class A notes have been given an early AAA rating by Fitch for each series, and will be offered in a rule 144A sale in the United States.
April 15 -
Invesco Senior Secured Management has priced a new $406.25 million CLO with a high ratio of first-lien secured loans already identified for the portfolio.
April 14 -
Ford issued its second ABS pool of retail auto loans this year in its $1.32 billion Ford Credit Auto Owner Trust 2016-B platform, which is the automakers fourth overall Reg AB II-compliant transaction. Nissan is looking to price the Nissan Auto Receivables 2016-B Owner Trust that will market $1.2 billion in notes of new and used prime auto loans.
April 14 -
Kroll Bond Rating Agency added its voice to the chorus of credit rating agencies downplaying the risks of mortgages that fail to comply with new consumer disclosure rules.
April 14 -
The prodigious growth of marketplace lending has been fueled by the seemingly insatiable appetite of hedge funds and other yield-hungry investors. But in recent months, much of that institutional money has fled the market just as quickly as it arrived.
April 14



