Finance

Coordinators of a financial-industry backed blockchain project say they have successfully demonstrated that the distributed ledger technology can be used to syndication, trade and make payments on leveraged loans.

TAL International is marketing its first container securitization of the year, according to S&P Global.

Steve Eisman, the Neuberger Berman Group fund manager who featured in Michael Lewis's book "The Big Short," said he's concerned about the U.S. subprime-auto market, even though credit quality across the banking system has improved significantly.

The Trump administration has an opportunity to break an eight-year-old logjam on mortgage finance policy and begin setting a future course for the government-sponsored enterprises, Fannie Mae and Freddie Mac.

Pine Brook, a private equity firm that specializes in financial services and energy sectors, has agreed to acquire Triumph Capital from Dallas-based Triumph Bancorp.

A bipartisan group of senators told Mel Watt, the regulator who oversees Fannie Mae and Freddie Mac, that he shouldn't allow the companies to recapitalize without congressional approval.

SBA Communications, one of the largest wireless cell tower operators in the Western hemisphere, is planning a $760 million offering of asset-backed securities.

CLOs have significantly reduced their exposure to Ocean Rig, the offshore drilling contractor that announced a restructuring agreement Tuesday, according to Wells Fargo Securities.

What investors need to know about the new non prime residential mortgage backed securities.

GM Financial Services is marketing its first auto loan securitization of the year, according to Standard & Poor’s.

Wells Fargo Commercial Mortgage Securities is marketing nearly $1 billion in commercial mortgage bonds with a higher-than-average exposure to single-tenant loans and exposure to external pari passu borrowings.

Hilton Grand Vacations plans a debut $145 million timeshare loan securitization of loans targeting primarily Japanese tourists for a newly opened resort in Honolulu.

Westgate Resorts is readying $175 million of notes backed by timeshare loans, according to DBRS.

Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.

Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Popular Español are securitizing consumer loans issued in Spain. Banco Popular's €510 million two-year revolving securitization is its first-ever in its home country.

The Rhode Island Student Loan Authority (RISLA) is issuing $50.26 million in new revenue bonds backed by a pooling of new and consolidated loans to be originated through the state’s private loan program.

Trade-ins represent a growing risk for auto lenders, according to Moody's Investor Service.

Citigroup has launched the first offering of commercial mortgage bonds in a week.

Investcorp Credit Management EU is debuting its first European CLO since announcing its acquisition of the debt management business from 3I Group last October.

Competition for leveraged loans is tough, and that’s forcing some of the biggest buyers to tap new sources of financing.