American International Group announced $3.6 billion in new costs to fill a reserve shortfall and said it will hold an initial public offering for its mortgage insurer and sell an adviser network.
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Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.
March 14 -
J.P. Morgan Chase is preparing one of the largest private label mortgage securitizations since the financial crisis. It is backed by a pool of over 6,000 loans totaling nearly $1.9 billion.
March 14 -
Late payments on subprime auto loans packaged into bonds have eclipsed 2009 recessionary levels and are now at a level not seen in nearly two decades, according to Fitch Ratings.
March 14 -
World Omni Financial Corp. and Prestige Financial Services added a combined $1.17 billion of securities backed by auto loans to the new issue pipeline this week.
March 11 -
The Consumer Financial Protection Bureau is clamping down on student loan lenders and servicers that automatically default on loans when a co-signer declared bankruptcy or dies.
March 11
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Issuance volume of asset-backed securities for the year through March 11, 2016.
March 11 -
Underwriting league tables for asset-backed securities for the year through March 11, 2016.
March 11 -
Synchrony Financial has mapped out a public offering of $547.9 million in notes backed by credit card receivables, in the latest of 23 series it has outstanding through the Synchrony Credit Card Master Trust.
March 11 -
One month after closing its debut consumer-loan securitization of 2016, OneMain Financial is returning with a second offering of $444.5 million in non-prime and subprime personal loans originated through its branch network.
March 11 -
Sports Authoritys plans to close 140 stores impact 25 loans backing commercial mortgage bonds, though only six are at elevated risk of default, according to Morningstar Credit Ratings.
March 10 -
Ford Motor Credit Co. is out with its first auto lease securitization of 2016, according to Fitch Ratings. The pool is backed 48,082 leases totaling $1.12 billion, a level consistent with Fords two previous deals completed in 2015.
March 10
