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All of the loans were originated by Greystone, an investment group based in New York that originated multifamily and health care facility loans for Fannie Mae, Freddie Mac, the FHA and various commercial mortgage-backed securities.
By Glen FestAugust 13 -
The decline in the share of "cured" delinquent loans is a potential signal for increased securitization losses in the months to come.
By Glen FestAugust 13 -
The increases are mostly at the junior debt levels of deals, according to the Refinitiv research unit.
By Glen FestAugust 12 -
Online consumer lender Upgrade Inc. is including more higher-credit tier borrowers in its next securitization, reflecting the company’s focus this year on reducing lending to non-prime credit segments.
By Glen FestAugust 12 -
Nassau Financial Group is following the lead of a Singapore sovereign wealth fund into the fledgling asset-backed securities class of private-equity bonds.
By Glen FestAugust 12 -
Lighter seasoning compared to American Credit Acceptance's last loan portfolio issuance is the primary reason, say ratings agencies.
By Glen FestAugust 8 -
Regional Toyota captive finance lender World Omni has its highest-ever average FICO for a securitization of prime auto-lease receivables. But it also is pooling a portfolio of contracts that have a highly concentrated mix of lease maturities.
By Glen FestAugust 8 -
The online SME lender is marketing $198.45 million in notes backed by U.S. originations. Funding Circle has previously issued ABS deals backed by small-business loans in its native UK.
By Glen FestAugust 7 -
The deal coincides with that of another first-time whole-biz issuer this week, Primrose School Franchising Co. Primrose is marketing the franchise fees and revenues of its chain of early childhood education and day care centers.
By Glen FestAugust 6 -
Primrose School Franchising Co. is marketing $275 million in bonds backed by a whole-business securitization of royalties and revenues from the firm’s rapidly expanding 405-school franchised network of early childhood/pre-K education and day care centers.
By Glen FestAugust 5