The Latest

Mid-market business equipment leasing firms Ascentium Capital and Axis Capital has each launched securitizations of recent contract pools.

Insight Wireless Group is issuing another $301.5 million of notes backed by cellular towers, according to Fitch Ratings.

Orange Lake Country Club is marketing $176 million of notes backed by timeshare loans, according to Fitch Ratings.

Traditional banks and marketplace lenders may soon find themselves united in competition against a common threat: Goldman Sachs.

Eight prime and subprime auto loan and lease securitizations have arrived in the asset-backed market this week, tallying up approximately $6.72 billion in new deals.

Bayview Asset Management is securitizing $159.6 million of securities that transfer the risk of credit losses on mortgage insured by Fannie Mae and Freddie Mac, according to Fitch Ratings.

In a quarterly survey by the New York-based International Association of Credit Portfolio Managers, 57% of respondents expect wider credit spreads in U.S. investment grade debt and 70% in U.S. high yield bonds and leveraged loans over the final three months of the year. Also for the fourth quarter, 66% see rising levels of corporate defaults.

The Florida Public Service Commission has a beef with Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings, which all characterize bonds backed by utility fees as a kind of structured finance, rather than as corporate bonds.

Hawksmoor Mortgages 2016-2 plc is a British sterling-pound denominated RMBS with a £1.124 billion pool balance secured by mortgages to residential properties in the UK extended to 12,153 borrowers. Eighty percent were originated by GE's UK home-lending arms that have since sold off portfolios and exited the British mortgage scene.