Investors in the class C notes of Multi-Cat Mexico 2-12-1 are still in suspense, even after default.
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The Western Riverside Council of Governments is preparing its second-largest securitization of Property Assessed Clean Energy bonds financing energy efficiency renovations for California homeowners,
February 3 -
Volkswagen Finance has completed what it is billing as the largest Spanish auto loan securitization since the financial crisis
February 3 -
Toyota Motor Credit Corp. has agreed to change its pricing and compensation practices and pay nearly $22 million to settle allegations it charged African-Americans and other minorities more than white borrowers for auto loans, federal regulators said Tuesday.
February 2
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With only $16 billion in issuance in January, the market for new securitizations fell by $2 billion from December and is less than half of the new structured finance supply from January 2015.
February 2
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The New Hampshire Higher Education Loan Corp. is readying $141.3 million of securities backed by a pool of older private student loans that have experienced high default rates, according to Moodys Investors Service.
February 2 -
Freddie Mac has taken out another reinsurance policy that transfers risk of default on mortgages it insures.
February 2 -
A £524.4 million (US$755.6 million) series of prime, owner-occupied mortgage loans originated by UKs Skipton Building Society will be packaged into the fourth securitization pieced together by the UK financial institution.
February 2 -
OnDeck Capital, an online small-business lender in New York, has added a former E-Trade Financial executive to its board, as another director plans to leave.
February 2 -
Kevin Palmer, senior vice president of credit risk transfer at Freddie Mac, holds that the timing of transactions offloading the risk of default on mortgages is less important than what he terms reimbursement risk."
February 2
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Veteran corporate structured finance attorney Chris Gavin has taken a partnership role in the capital markets group at Cadwalader, Wickersham & Taft, joining the New York firm as it looks to expand its mortgage ABS practice.
February 1 -
The Hertz Corp. is preparing two as-yet unsized offerings of bonds backed by rental car fleet financing, according to rating agency reports.
February 1
