Finance

A return by the Japanese bank, even on a smaller scale than previously, would inject fresh demand into a European market where CLO costs have spiked to the highest in two years.

Older bank-owned loans, part of the Federal Family Education Loan Program, are repackaged into bonds that trade in the asset-backed securities market.

The offering is the latest securitization in the fertile automobile ABS market

Both used and new cars make up the collateral in COPAR 2022-1

Sunrun, which is one of its largest players in the solar panel industry, plans an asset-backed security that pools loans tied to residential solar leases and power purchase agreements.

Anticipation of the Federal Reserve’s balance-sheet reduction is weighing on bonds backed by mortgages, but the actual event may make them an attractive alternative to corporate debt.

The subprime auto lender has a good track record, but there are concerns about used-car prices normalizing, according to KBRA.

The government-sponsored enterprise has already done twice as many of these deals as it did during all of 2021.

U.S. central bankers should move expeditiously and raise interest rates to neutral — the level which neither speeds up or slows down the economy — by the end of the year, Federal Reserve Bank of San Francisco President Mary Daly said.

The most profitable and largest used-car retailer has had more than a dozen ABS in the last four years.

DBRS Morningstar says COVID's impact should not stress the ABS.

The Federal Reserve’s most hawkish official cracked open the door to discussing the first 75-basis-point interest rate hike since 1994, a move economists say would be a last resort in case inflation further spirals out of control.

First social bond will serve rural borrowers who mostly earn under $50,000 in net income per year.

KBRA says the Southern subprime used-vehicle retailer’s experience brings credibility to the space

The drop in CLO issuance from Q1 volume raised no alarms, coming off last year’s record $187 million issuance, and experts see strong production for 2022.

Gross charge-offs on the underlying card accounts were 2.48%, through the twelve-month (TTM) period, a notable drop from 4.43% in the same period a year earlier.

Higher mortgage rates are adding to pressure on would-be buyers in a market where purchase prices are still skyrocketing two years into the pandemic housing boom.

An overly aggressive path of hikes to combat the spiraling cost of living may backfire. Bringing inflation down to 2% could push unemployment to nearly 10%.

The loans in the pool, all of which are fixed-rate and first lien, have an average balance of $426,504, and the top five loan balances account for 3.4% of the pool.

CEO Jamie Dimon cited elevated risks related to inflation and the war in Ukraine as the nation’s largest bank added $902 million in loan-loss reserves. “Does this represent conservatism in an uncertain macro environment or something more onerous?” one analyst asked.