Magazine Issue Year 2020

Digital Edition

May/June 2020

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Magazine Issue Year 2020

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Auto ABS

Merchants' vehicle fleet will support $500 million in auto ABS

Merchant's notes have several key credit strengths, including that vehicle fleet lease securitization pools have had very low delinquencies and losses historically.

By Donna M. Mitchell

December 5
RMBS

Reverse mortgage lender PHH to sell $426.9 million in RMBS

No subordinate notes—the class M notes, essentially—will receive any principal payments until the senior class A notes have been paid down to zero.

By Donna M. Mitchell

December 5
Trump administration

CFPB's enforcement chief resigns, citing 'no path' forward

The Trump administration's decision not to seek funding for the CFPB and transferring remaining enforcement cases to the Department of Justice were cited as reasons for the resignation of Michael G. Salemi, who took over as CFPB enforcement chief earlier this year.

By Kate Berry

December 5