Consumer ABS

Renovate America has brought in former Freddie Mac executive Paige Wisdom as chief financial officer as the provider of Property Assessed Clean Energy Loans seeks to expand its expand across the U.S.

Students who took out big loans to attend college or graduate school have lower rates of homeownership than those with little or no educational debt, according to research published Monday.

A Houston-based energy firm is marketing its first rated securitization of solar panel installation leases and power-purchase agreements (PPAs) in a $245.75 million bond issuance.

Steve Eisman, the Neuberger Berman Group fund manager who featured in Michael Lewis's book "The Big Short," said he's concerned about the U.S. subprime-auto market, even though credit quality across the banking system has improved significantly.

GM Financial Services is marketing its first auto loan securitization of the year, according to Standard & Poor’s.

Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Popular Español are securitizing consumer loans issued in Spain. Banco Popular's €510 million two-year revolving securitization is its first-ever in its home country.

The Rhode Island Student Loan Authority (RISLA) is issuing $50.26 million in new revenue bonds backed by a pooling of new and consolidated loans to be originated through the state’s private loan program.

Trade-ins represent a growing risk for auto lenders, according to Moody's Investor Service.

GMAC is issuing its eighth asset-backed UK transaction in a £385.8 million (US$481.3 million) bond offering backed by individual and small-business vehicle lease contracts.

Fitch Ratings says the auto loan and lease sectors will continue to experience deteriorating credit performance throughout 2017, as defaults accelerate among subprime borrowers and used-car values in decline.