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Glen Fest

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  • toyota-hq-357.jpg
    Prime auto ABS
    Auto ABS pipeline primed with new Ford, Toyota, Ally deals

    The first prime auto-loan securitizations for Ally Bank and captive-finance lenders for Toyota and Ford total $3.5-$4B, according to rating agency presale reports.

    By Glen Fest
    January 18
  • ASR_Sonic0117
    Esoteric ABS
    Sonic hops back into whole biz in $170M master trust issuance

    Proceeds will repay a tranche of variable-rate notes issued in 2016, as well as for general corporate purposes, including paying a capital dividend to shareholders.

    By Glen Fest
    January 18
  • ASR_aircraft0117
    Esoteric ABS
    Aircraft lease ABS market aloft with $442M Apollo deal

    Proceeds from the first jet-lease securitization of 2018 will be used to acquire 24 widebody and narrowbody planes contracted to 16 airlines in 14 countries.

    By Glen Fest
    January 17
  • CLOs
    European CLO market reopens with €1.2B in refinancings

    The Carlyle Group, Blackstone/GSO and Investcorp have reset or refinanced a trio of 2014 and 2015 vintage, euro-denominated deals.

    By Glen Fest
    January 17
  • student-loan-fotolia.jpg
    Student loan ABS
    SoFi kicks off year with $720M offering of student loan ABS

    The $720.1 million SoFi Professional Loan Program 2018-A is only slightly smaller than its final deal of 2017, which was upsized in response to strong demand.

    By Glen Fest
    January 17
  • home-sales.jpg
    RMBS
    Caliber first out of the gate with 2018 nonprime jumbo RMBS

    The $401.2 million COLT 2018-1 is the eighth overall securitization of non-qualified jumbo mortgages issued by the Lone Star Funds affiliate.

    By Glen Fest
    January 12
  • ASR_auto0110
    Auto lending
    CarMax pays up for AAA on its first prime auto ABS of 2018

    Initial expectations for cumulative net losses on the $1.15 billion transaction are higher than those of the sponsor's three prior deals, according to credit rating agency reports.

    By Glen Fest
    January 12
  • bmw-small.jpg
    Auto lending
    BMW, Mercedes-Benz add to early 2018 U.S. auto ABS pipeline

    BMW Financial Services is launching its first U.S. auto-loan securitization in two years, while Daimler AG's U.S. captive finance arm is proposing a $1.3 billion to $2 billion pooling of luxury auto leases.

    By Glen Fest
    January 11
  • ASR_Santander0111
    Subprime lending
    Santander cuts credit enhancement on next subprime auto ABS

    Improved underwriting allowed the lender to secure AAA ratings despite offering the lowest credit enhancement on senior SDART notes in three years.

    By Glen Fest
    January 11
  • ASR_auto0110
    Subprime lending
    Westlake ups credit enhancement on next subprime auto loan ABS

    The lender's first deal of the year is sized at $750 million, in line with its two prior offerings, but the amount of collateral has been significantly increased, to over $1 billion.

    By Glen Fest
    January 11
  • ASR_obvion0110
    RMBS
    Rabobank affiliate packaging €1.2B in loans for Dutch mortgage RMBS

    Obvion, a €31.1B-asset lender with a 3.2% market share in the Netherlands, is placing more seasoned loans into its latest five-year revolving pool of prime loans.

    By Glen Fest
    January 10
  • ASR_CLOrefi0917
    CLOs
    Late December rush of CLO refis/resets pushes market to record volume

    The $165 billion of collateralized loan obligations that were refinanced in 2017 as a whole account for more than one-third of all U.S. CLO assets under management, according to Thomson Reuters LPC.

    By Glen Fest
    January 10
  • ASR_TraleeCLO0109
    CLOs
    Par-Four opens up 2018 pipeline with first new-issue CLO

    Tralee CLO IV is a $409.2 million portfolio that immediately more than doubles the assets under management for Par-Four Investment Management.

    By Glen Fest
    January 9
  • subprime autos
    Auto ABS
    Top 10 of 2017: Santander dives back into subprime auto

    The Dallas consumer lender plans to boost originations again after retooling and taking stock, even as other lenders scale back in the face of rising defaults and delinquencies.

    By Glen Fest
    January 8
  • ASR_Kensington0108
    RMBS
    UK mortgage lender Kensington issuing £636.5M near-prime RMBS

    The first issuance on its Finsbury Square platform marks the specialty mortgage originator's seventh securitization since 2010.

    By Glen Fest
    January 8
  • used-car-adobe-365.jpg
    Auto ABS
    CPS expands use of prefunding in 1st subprime auto ABS of 2018

    The first subprime auto ABS deal for 2018 is the 30th overall for Consumer Portfolio Services, with caters to deep subprime borrower pools.

    By Glen Fest
    January 5
  • ASR_ABNAMRO010318
    RMBS
    ABN AMRO marketing €2B in notes from Dutch covered program

    The loans used as collateral were originated by a consortium of lenders in The Netherlands: ABN AMRO, ABN AMRO Hypotheken Groep, MoneYou B.V., Oosteroever Hypotheken B.V. and Quion 9 B.V.

    By Glen Fest
    January 3
  • ASR_Plouffe010218
    CLOs
    Carlyle Group raises another $800M for CLO investments

    Carlyle has raised an additional $800 million for "opportunistic" debt and equity investments of third-party CLOs, in a planned expansion of its $19.4B in structured credit business assets under management.

    By Glen Fest
    January 2
  • Coinstar
    Esoteric ABS
    TOP 10 of 2017: Whole Biz ABS moves beyond restaurant chains

    What helped to grow the market in 2017, even as foot traffic declined and same-store sales growth slowed across the quick serve dining industry, were structural innovations that widened the investor base.

    By Glen Fest
    January 2
  • ASR071217-PACE
    Morningstar
    Top 10 of 2017: PACE industry embraces consumer protection

    Facing increasing concerns about consumer protections, the Property Assessed Clean Energy industry is embracing the kinds of underwriting and disclosure standards more commonly associated with residential mortgages.

    By Glen Fest
    January 1
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TRENDING
  • Politics and policy
    HUD faces backlash over new fair housing rule

    The comment period for the Affirmatively Furthering Fair Housing interim final rule has been extended, but consumer advocates are clear in their opposition.

    By Brad Finkelstein
    May 7
  • Treasurys
    Stocks rise amid U.S.-China hopes in Fed countdown: markets wrap

    With the central bank expected to keep its benchmark rate steady at 4.25%-4.50% on Wednesday, traders will be scrutinizing comments by Fed Chair Jerome Powell.

    May 7
  • Economy
    Bessent says tariff negotiations could wrap by year end

    Treasury Secretary Scott Bessent said he expects negotiations with trading partners over tariffs to conclude by the end of the year but acknowledged that talks with China had not yet begun.

    By Ebrima Santos Sanneh
    May 6
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© 2026 Arizent. All rights reserved.
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© 2026 Arizent. All rights reserved.