IPFS Corp. is preparing a $300 million securitization of loans used to finance insurance premiums, according to Moodys Investors Service.
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Subprime consumer lender Avant currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.
March 29 -
Buyers of broadly syndicated corporate loans currently have an incentive to drag their feet closing trades; they will soon pay a hefty price if they dont do their part. The reform should help lenders get assets off their books faster.
March 28 -
Freddie Mac has obtained new insurance policies under its Agency Credit Insurance Structure (ACIS) program.
March 28 -
Deutsche Bank and JPMorgan are marketing $818 million of commercial mortgage bonds, with heavy exposure to New York City, according to Fitch Ratings.
March 28 -
Issuance volume of asset-backed securities for the year through March 25, 2016.
March 28
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Underwriting league tables for asset-backed securities for the year through March 25, 2016,
March 28 -
Five policy heavy-hitters issued a proposal last week to merge Fannie Mae and Freddie Mac into a single government corporation as a way to move beyond the conservatorships of the two government-sponsored enterprises.
March 28 -
There’s no doubt that competition is spurring subprime auto lenders to stretch their underwriting guidelines for new customers, which could lead to another bust. In February, 5.16% of securitized subprime auto loans were at least 60 days past due, according to Fitch Ratings. That slightly exceeded the level of late payments at the height of the Great Recession. Here’s a guide to who’s doing what.
March 24 -
JPMorgan Chase has packaged a highly concentrated portfolio of five office, hotel and retail property mortgages totaling $337 million.
March 24 -
Northpoint Commercial Finance is marketing $275 million of notes backed by dealer inventory financing for marine and recreational vehicles and manufactured housing, according to rating agency reports
March 24 -
New Residential is marketing a $260.0 million securitization of re-performing mortgage loans, according to Moody's Investors Service.
March 24 -
California Republic Bancorp in Irvine is pressing the accelerator on plans to expand its indirect auto lending business despite increasing industry concerns that the sector may be overheating.
March 24



