The Latest

Banks, marketplace lenders, and other nonbank lenders were dealt a setback when a federal appeals court declined to reconsider a ruling that has set off alarm bells across the consumer finance industry.

Sprint Corp. may be the first U.S. telecom operator to launch a securitization of payments related to the handset financings.

Only 8% of mortgage origination volume in the second quarter went to borrowers with credit scores of 660 or lower, according to a new study by researchers at the Federal Reserve Bank of New York.

Two auto loan securitizations, a prime deal from Honda and one slightly less prime deal from Ally, priced on Wednesday.

First Investors plans to issue $210 million of subprime auto loan securities from its second deal this year.

Santander Consumer is marketing a fourth offering of bonds backed by subprime auto loans from its Santander Drive Auto Receivables Trust.

Issuance of European CLOs is running ahead of last year’s pace, and analysts at Bank of America expect this to continue, despite a recent drop in the origination of new loans.

Mars Capital Finance is returning to market with a securitization of U.K. nonconforming and reperforming owner-occupied and buy-to-let mortgage loans, according to Standard & Poor’s.

Wells Fargo plans to securitize a $716.3 million pool of commercial mortgage backed securities, according to Fitch Ratings.