Consumer ABS

Flagship Credit Acceptance is raising CE levels and slicing off its riskier borrowers from its first securitization for 2017.

The Consumer Financial Protection Bureau is ramping up enforcement actions ahead of a possible political showdown between President Donald J. Trump and the agency’s director, Richard Cordray.

The first commercial mortgage securitization of the year is being used to refinance five hotels owned by Ashford Hospitality Prime and managed by Marriott International.

SolarCity has returned with a new solar-panel financing securitization after nearly a year’s absence from the asset-backed market. The transaction is also its first since December 2015 featuring a collateral pool of direct loans for consumers to purchase solar-panel installations.

A tale of two cities? Santander Consumer USA on Thursday put together the first deep-subprime securitization of 2017 that also comes with the highest expected losses of any outstanding loan portfolio on the market. Meanwhile, Ally Financial launched its first deal of 2017 with auto loans from one of the best-performing prime auto-lender portfolios, in terms of losses and delinquencies.

CFPB lawSuit Against student loan sevicer Navient Followed Apparent 'Ultimatum' to settle by January 20

The CarMax Auto Owner Trust 2017-1 is among six asset-backed transactions so far this year involving both prime and subprime auto loan and lease pools identified through ratings agency presale reports and regulatory filings.

Up to 60 auto-related securitizations, including deals issued by Santander Consumer USA, could face some residual fallout from emissions-tampering software allegations asserted against Fiat Chrysler Automobiles N.V. last week.

The federal government is trying to fixing a big problem with a generous repayment plan for guaranteed student loans: borrowers often get kicked out of it when they fail to resubmit paperwork each year.