The diverse mix of collateral ranges from vehicles and medical equipment to high-end fitness machines and tanning beds that Abcfinance provides for German SMEs and entrepreneurs.
Last-minute revisions to European securitization regulation are raising concerns about the ability of banks to unload over €1 trillion of bad loans – considered a crucial step in boosting lending and jump-starting the region’s flagging economy.
Prestige's $335.2m portfolio is the first of the year for the Utah lender specializing in funding buyers emerging from bankruptcy. Flagship is selling $223m in notes backed by loans to deep subprime customers.
The real estate investment trust acquired or aggregated $4.7B in prime jumbo loans in 2016, and has fed the securitization market with six deals this year with a collective pool balance of $2.22B.
GMF's second deal of the year comes as monthly payment rates on dealer financing is declining and more dealers are relegated to its higher-risk credit tiers.
