Low-income borrowers are responsible for much of the recent surge in student loan defaults and delinquencies, according to new research by the Federal Reserve Bank of New York.
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Citi and Renew Financial recently closed the first ever securitization under the Warehouse for Energy Efficiency Loans.
June 15 -
Freddie Mac is preparing its fifth offering of risk-sharing notes of the year and the second with exposure to actual mortgage losses.
June 15 -
Westlake Financial Services and American Credit Acceptance both launched their second subprime auto securitizations of the year.
June 15 -
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Santander Consumer USA is marketing its third subprime auto loan securitization of the year under its Santander Drive Auto Receivables Trust (SDART) program.
June 12 -
Theres been plenty of talk about the potential benefits of hiring a third party to monitor the quality of collateral in residential mortgage-backed securities, but so far, no action.
June 12 -
Nissan Motor Acceptance Corp is preparing to issue $750 million of securities backed by auto lease, according to a deal document.
June 12 -
Access Point Financial priced the first securitization of loans made to hotel franchisees that are secured by by furniture, fixtures, and equipment.
June 12
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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.
June 12 -
A dramatic last-minute drop is occurring in a corner of the market for collateralized loan obligations ahead of a deadline for U.S. banks to get rid of some of their holdings.
June 12 -
Volkswagen Finance China (VWFC), a wholly owned subsidiary of Volkswagen Financial Services AG, is planning its second static cash securitization of Chinese auto loan receivables
June 11
