Banks, marketplace lenders, and other nonbank lenders were dealt a setback when a federal appeals court declined to reconsider a ruling that has set off alarm bells across the consumer finance industry.
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The pioneering online lender Kabbage has raised $135 million in new equity financing, with three large multinational banks among the lead investors, the company announced Wednesday.
October 14 -
BBVA Compass is returning to the U.S. securitization market after a 17 year absence with $500 million of bonds backed by prime auto loans.
October 13 -
The same tony New York City address, 11 Madison Avenue, is showing up in another commercial mortgage securitization sponsored by Deutsche Bank and Cantor Fitzgerald.
October 13 -
American Honda Finance Corp. is launching its fourth prime auto securitization this year.
October 13 -
Wells Fargo agreed to buy about $32 billion in assets from General Electric and take on about 3,000 employees as the industrial giant retreats from financial services.
October 13
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Ally Financial plans to issue $700 million in bonds backed by near prime auto loans.
October 13 -
The Massachusetts Educational Financing Authority is planning to issue $75 million of private student loan revenue bonds.
October 9 -
Fannie Mae is selling $1.2 billion worth of nonperforming loans, in an attempt to give borrowers other options besides foreclosure.
October 9 -
Santander is marketing another $794.12 million subprime auto loan securitization via its SDART program.
October 9 -
Exeter Finance's $300 million subprime auto loan securitization closed off a busy week for the asset class that also saw deals sponsored by Westlake, DriveTime and Santander marketing.
October 9 -
Issuance volume of ABS, MBS and CMBS for the year through Oct. 8, 2015.
October 9 -
U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession
October 9