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The $1.57 billion Ford Credit Auto Owner Trust 2017-A is lauded by Moodys Investors Service for its high weighted average FICOs (736) and as a strong follow-up to its last transaction (FCAOT 2016-C) that also featured slightly stronger pool characteristics.
January 12
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Discover Bank plans to issue $800 million of five-year notes backed by credit card receivables, according to regulatory filings.
January 11 -
Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray
January 10 -
CPS Auto Receivables Trust 2017-A is a $206.32 million asset-backed offering, the 24th overall for the indirect lender to troubled-credit borrowers whose FICO scores average 567.
January 9 -
The face of U.S. student loan debt is usually an underemployed twentysomething. But increasingly, the burden of paying for higher education is falling on older Americans.
January 8
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Hyundai Capital America is the first captive finance arm of a major automaker to enter the 2017 securitization market with an $810.4 million bond offering backed by new-vehicle lease contracts.
January 5
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Capital One Financial in McLean, Va., is facing regulatory delays in its bid to buy a credit card business from the outdoor equipment chain Cabela's.
January 3 -
Monthly chargeoffs in U.S. prime credit card asset-backed securities fell to a new low of 2.33% in December, according to Fitch Ratings monthly index results. However, retail credit-card performance saw "mixed" results with chargeoffs rising but monthly payment rate (MPR) levels improving.
January 3
