Finance

Santander Consumer USA Holdings plans to increase lending to consumers with solid credit scores after being squeezed by higher losses on its subprime auto book.

The Prime Collateralised Securities Initiative is aiming to boost synthetic securitization, which offer an alternative way for European banks to free up capital for more lending.

Wells Fargo Goes It Alone on 1st Risk Retention Compliant CMBS

Middle market lender Madison Capital Funding is preparing its first collateralized obligation of the year.

Volkswagen’s U.K. finance arm is marketing £750 million ($884 million) of bonds backed by auto leases.

Commercial mortgage loan originations in 2017 are expected to increase 3% over last year to a record high, according to the Mortgage Bankers Association.

The industry’s reliance on these yardsticks to estimate the riskiness of a pool of borrowers is mathematically flawed.

In it’s continuing effort to shield taxpayers from potential defaults, Freddie Mac is now offering investors exposure to the credit risk of multifamily mortgages that are awaiting securitization.

Kensington Mortgage Co. (KMC) is pooling approximately £343.7 million (US$428.7) in prime-borrower first-lien and “buy-to-let” investor mortgages in the second UK mortgage-backed securitization being marketed this month.

GSO/Blackstone Debt Funds Management earned the top spot in deal-count of U.S. CLO transactions by registering 28 deals totaling $13.3 billion in 2016, according to a tally of manager activity in the collateralized loan obligation market by Moody’s Investors Service.

Increasingly, these transactions are being structured to give lessors more flexibility in terms of both the types of collateral and the ability to actively trade aircraft. As a result, transactions more accurately reflect lesssors’ fleets

Marketplace lender Kabbage is marketing $500 million of bonds backed by small business loans and lines of credit. The transaction, dubbed Kabbage Asset Securitization 2017-1, refinances a $270 million facility it obtained in 2014 that is set to expire.

Ocwen Financial has reached a deal with California authorities to resolve allegations that the mortgage servicing firm -- a frequent target of regulators in recent years -- again violated a range of state and federal laws.

Canadian banks are increasingly crossing the border to fund their credit card programs, taking advantage of lower borrowing costs available in the much larger U.S. market.

New subprime auto securitizations by Santander Consumer USA and American Credit Acceptance each utilize tweaks to recent collateral pool trends to mitigate the risk of growing losses in their managed portfolios.

Ford Motor Credit is marketing another $1.08 billion of bonds backed by prime auto loans.

A federal appeals court agreed Thursday to scrap an earlier ruling against the Consumer Financial Protection Bureau's constitutionality, saying it will revisit the issue at a hearing on May 24, while also opening the door to discuss a new wrinkle in the case.

Kroll Bond Rating Agency is maintaining its downgrade watch on portions of Diamond Resorts’ recent timeshare loan securitizations, expressing worries about future default levels.