Add Southcross Energy Partners, Seventy Seven Energy, Verso Corp., and Paragon Offshore to the list of credits held by collateralized loan obligation that appear to be headed for default.
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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
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Car loans in the U.S. are soaring, but don't expect a crash any time soon.
March 10 -
Wyndham Worldwide is first out the gate this year with a securitization of timeshare loans.
March 10 -
A well-seasoned collection of £470.3 million in prime buy-to-let residential mortgages is being securitized by the UKs third-largest building society.
March 10 -
Investors continue to demand additional compensation for taking on the credit risk of mortgages insured by Freddie Mac.
March 9 -
LendKey, which manages online lending programs for banks and credit unions, has named Salil Mehta to senior vice president of credit risk and analytics.
March 9 -
The bust in oil prices has jeopardized local economies in heavy oil-sector regions of the country. Might the volatility do the same to mortgage-backed securities, should massive layoffs in the industry give rise to a surge of homeowner defaults in energy production centers? Standard & Poors thinks not.
March 9
