GM Financial, the captive auto-financing arm of General Motors, sold all but the class A2 notes of its sophomore auto lease securitization at wider spreads relative to its inaugural securitization issued in March.
- Europe
Moodys Investors Services rankings of the U.S. collateralized loan obligations shows that the market share of the top 10 declined slightly between January and July
August 5
-
AmeriCredit Financial Services priced an upsized offering of $1.2 billion of auto loan-backed securities.
August 5 -
Collateralized loan obligations have very limited exposure to Alpha Natural Resources, which filed for bankruptcy Monday.
August 5 -
A Chinese unit majority owned by Nissan Motor Co. is prepping an auto loan securitization for CNY1.5 billion ($242 million).
August 4
-
Resource Capital plans to securitize a $312.9 million pool of 19 commercial mortgages secured by multi-family, office, and mixed-use properties.
August 4 -
Banks are seeing stronger consumer demand for credit for a range of products, including residential mortgages, auto loans and credit cards, according to a Federal Reserve Board survey of senior loan officers released Monday.
August 4 - Europe
Navient is marketing a $700 million private student loan securitization, according to Standard & Poors.
August 4 -
Deutsche Bank and Cantor Fitzgerald have launched another commercial mortgage securitization that relies on a few large, relatively high quality loans to offset the weaker credit quality of the rest of the pool
August 3 -
Two Harbors Investment Corp. is teeing up another securitization of fixed-rate, 30-year jumbo mortgages to borrowers with strong credit, according to Kroll.
August 3 -
Freddie Mac has launched its first securitization of small-balance loans on multi-family properties.
August 3 -
Securitization expert Rupert Wall joined Sidley Austin LLP as a partner in the law firms global finance practice in London.
August 3