The chairman and chief executive of Santander Consumer USA Holdings has resigned, as the subprime auto lender remains under scrutiny for its lending and securitization practices.
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Issuance of ABS, MBS and CMBS for the year through Aug. 21, 2015.
August 30 -
Five of the 11 offshore drilling companies put under review for a ratings downgrade by Moodys Investors Service this week have loans that are held in outstanding collateralized loan obligations.
August 28 -
Midgard Prosjekt I ASA (to be renamed Skandiabanken Boligkreditt) plans to offer NOK17 million ($2.05 million) of covered bonds backed by a NOK13 billion pool of Norwegian residential mortgages.
August 28 -
The Consumer Financial Protection Bureau is considering suing Navient Corp., the largest student loan company in the U.S., for allegedly cheating borrowers.
August 28 -
Walter Investment Management has received approval from Freddie Mac to hold the mortgage servicing rights on $3.3 billion in residential mortgage loans.
August 27
- Europe
CLO market is still open: American Capital has closed one deal and CIFC has priced another.
August 27 -
Credit Suisse is taking advantage of the relative calm in credit markets Thursday to launch its second residential mortgage securitization of the year.
August 27 -
Wall Street banks are scaling back their role in supporting debt sales that have helped online lending companies double their originations every year since 2010.
August 27 -
Joshua Baumgarten will leave The Blackstone Group in 2016 for Angelo, Gordon & Co. where he has been named head of credit.
August 27 -
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A drop in Californias electricity rates could reduce cashflows for securitizations of solar panel leases, according to Moodys Investor Report.
August 26 -
The Turkish Catastrophe Insurance Pool has completed a second catastrophe bond through a new shelf bond program dubbed Bosphorus Ltd.
August 26

