U.S. consumers in the first quarter borrowed more to pay for education and automobiles, but overall their debt burden was relatively flat, according to a new report from the Federal Reserve Bank of New York.
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Issuance volume of asset-backed securities for the year through July 10, 2015.
July 10 -
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Commercial mortgage-backed securities returned next to nothing in the first half of the year after handing investors a whopping 11.4% in 2014 that beat everything from junk bonds to Treasuries.
July 10 - Europe
CLO managers are receiving a small concession from regulators that will allow them to refinance most of their issues in two years without triggering risk-retention rules.
July 10
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Freddie Mac has obtained two more reinsurance policies transferring risk of default on mortgages that it insures.
July 9
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J.P. Morgan and Barclays latest CMBS conduit is office property heavy.
July 9
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Oportun, a nonbank lender that targets Latino consumers, has completed its fourth securitization and the first one with a credit rating, from Kroll.
July 9 -
Navistar Financial Corp., a wholly owned subsidiary of Navistar, Inc., is planning a $250 million dealer floorplan securitization.
July 9 -
JPMorgan Chase has agreed to pay more than $200 million to settle claims by federal and state authorities that the megabank wrongfully collected credit card payments on hundreds of thousands of consumers.
July 8 -
Volkswagen Finance China, a unit of Volkswagen Financial Services AG, has priced its second static cash securitization of Chinese auto loan receivables.
July 8 -
Sporting goods retailer Cabelas is marketing another $400 million of notes from its Credit Card Master Note Trust.
July 8
