The company's government overseers are allowing the company to move a higher-risk slice of its flagship car-lending business into Ally Bank.
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Newtek Business Services Corp., a completed the securitization of $40.8 million of the unguaranteed portion of loans made under the Small Business Administrations 7(a) program.
September 28 -
Fifth Third Bank must pay a total of more than $21 million to settle separate claims by the federal government that the bank's indirect auto-loan business discriminated against African-Americans and that the bank deceptively signed up customers for a credit card add-on product.
September 28 -
Freddie Mac has taken out another reinsurance policy that transfers the risk that mortgages it insures will default.
September 28 -
Morgan Stanley and Bank of America Merrill Lynch's latest transaction to be issued from the MSBAM 2015 trust includes a large number of high leverage loans in the collateral pool.
September 28 -
The inside story of the consumer finance protection bureau's battle over auto lending
September 28
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Issuance totals for ABS, MBS and CMBS for the year through Sept. 25, 2015.
September 25 -
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Synchrony Financial is marketing two offerings of notes backed by credit card receivables through its Synchrony Credit Card Master Trust.
September 25 -
AES Distributed Energy is testing the waters for financing commercial solar projects in the securitization market.
September 25 - Europe
Fannie Mae has completed a credit risk sharing transaction that transfers the actual losses on mortgages it ensures to reinsurers, as opposed to capital markets investors.
September 25 -
American Credit Acceptance has increased the number of loans with higher credit scores in the collateral pool backing the sponsor's third subprime securitization of 2015.
September 24 -
Colony American Finance appointed Christopher Hoeffel as Chief Financial Officer, according to a company press release.
September 24
