-
CarMax Business Services is planning to sell an auto ABS worth $750 million. The joint bookrunners of the Class A, B, C and D notes are Barclays Capital, JPMorgan Securities and Wells Fargo Securities.
June 1 -
Bank partnerships with colleges and universities may not pay off for students, the U.S. Public Interest Research Group (PIRG) warned in a report published Wednesday.
May 31 -
The shadow banking system is down but not out. That's the conclusion reached by the Deloitte Center for Financial Services in a new report that examines the scope and the relevance of a sector that has received its fair share of blame for causing the financial crisis.Deloitte says that assets controlled by the shadow banking system — including ABS and MBS —have declined by more than 50% in the last four years, to $9.53 trillion at Dec. 31. As a result of this sharp decline, the traditional banking sector that four years ago was smaller than the shadow banking system is now roughly $8 trillion larger, according to Deloitte.
May 31 -
How long can a good thing last? Writeoffs of credit card loans have already plunged below levels that issuers consider sustainable. Continued improvement in delinquencies points to a further dip in loss rates in the months ahead.
May 30 -
Fitch Ratings has assigned preliminary ratings to the student loan ABS issued by Academic Loan Funding Trust (ALFT) 2012-1.
May 30 -
Standard & Poor's in a note released today said that it expects easing underwriting standards to drive subprime auto collateral losses modestly higher versus current historical low levels.
May 30 -
DBRS has released its methodology for rating U.S. letter of credit (LOC)-supported structured finance deals.
May 29 -
World Omni Financial Corp. today filed a prospectus supplement with the Securities and Exchange Commission (SEC) to issue under its World Omni Automobile Lease Securitization Trust 2012-A.
May 29 -
The Senate last week rejected dueling Democrat and Republican proposals to extend the low interest on federally guaranteed student loans as the July 1 deadline to double the rate to 6.8% draws closer.
May 29 -
