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Ally Bank is in the market with an $1.06 billion auto loan ABS called Ally Auto Receivables Trust (AART) Series 2011-1.
February 2 -
Most people believe the Basel III capital rules are buttoned up. International regulators worked hard, agreed in December to impose tough standards and then gave bankers eight years to meet them.
February 2 -
Ally Financial reported its fourth consecutive quarterly profit Tuesday and its chief executive said the auto and mortgage lender is hyperfocused on repaying its $17.2 billion bailout as the company prepares for an initial public offering.
February 1 -
DriveTime Automotive Group is in the market with a $214.181 million auto ABS transaction called DT Auto Owner Trust 2011-1.
February 1 -
After the near collapse of the Canadian securitization market in August 2007, 2010 saw a strong resurgence in term ABS issuance in Canada. Among other things, there were 16 public deals with combined total issuance of more than CAD$11 billion. There were also signs of renewed activity in the ABCP market with conduits taking on new deals with originators who had been largely frozen out of this market over the last few years. Overall, there is a general sense of optimism about the market and, as a result of both market forces and government action, it's fair to say that the Canadian securitization market is, if not perfectly well, at least comfortably on the road to recovery.
February 1 -
U.S. auto loan ABS collateral performance has turned the corner over the past two years, despite ongoing economic stress and persistent pressure on U.S. consumers overall. Losses among 2009 deals have reverted to pre-recession levels, with losses in the 2010 vintage likely to follow suit.
February 1 -
The percentage of outstanding balances that credit cardholders pay off each month surged last year - a favorable sign for loan performance that mirrored plummeting chargeoffs but that now stands as an obstacle to portfolio growth.
February 1 -
In the aftermath of wholesale downgrades of RMBS by the ratings agencies, following the housing market downturn, the National Association of Insurance Commissioners (NAIC) decided to try a different approach.
February 1 -
Sallie Mae appointed Paul Thome as president of the Sallie Mae Bank. He has 37 years experience in banking and financial services leadership. He was most recently Sallie Mae’s senior vice president of business finance and procurement.
January 31 -
Granite paper continues to climb higher as pricing last week reached its post-crisis high, above 94 for the first time since the non-asset trigger event in November 2008, according Royal Bank of Scotland (RBS) analysts.
January 31
