Finance

Online lender Social Finance is marketing another $203 million of bonds backed by unsecured consumer loans.

Ally Financial has structured its third nonprime auto loan securitization of the year in a new $750 million asset-backed transaction with slightly enhanced credit quality over its previous deals.

First Investors Auto Owner Trust 2016-2 is a $230 million asset-backed pooling of more than 11,000 new- and used-auto loans – a transaction exceeding the pool size and loan population of recent securitizations pieced together by First Investors.

J.P. Morgan is marketing $235 million of mortgage bonds backed by a single loan collateralized by a portfolio of 63 Value Place extended-stay hotels, according to rating agency reports.

The monthly total of $5.9 billion in new collateralized loan obligation issuance in August made slight gains over July’s output, but year-to-date issuance remains sharply off 2015’s pace.

Vistana Signature Experiences, a former unit of Starwood Hotels & Resorts, is marketing its first timeshare loan securitization under its new corporate structure.

Although ratings are capped on the notes, the underlying pool of loans in Caliber Home Loan's second securitization of nonprime residential mortgages have improved in quality with the inclusion of investor and second-home purchases by mainland China investors.

The first offering of commercial mortgage bonds to hit the market post-Labor Day comes from JP Morgan Chase, which is securitizing a $900 million portion of a $1.2 billion loan on an iconic Manhattan office building at 9 West 57th Street.

Ford Motor Co. is securitizing its second round of German auto loans this year in a €541.7 million pool of both private and commercial borrower receivables tied to significant balloon payments.

The earthquake that struck central Italy on Aug. 25 will have limited impact on bonds backed by residential mortgages or loans to small and medium-sized enterprises, according to DBRS.

The slow start to Fifth Third's 3%-down mortgage illustrates some of the logistical challenges with such programs, which are on the rise across the industry.

Seven New York counties are issuing another $292 million of bond backed by tobacco settlement payments

A wave of maturing commercial mortgages is set to crest next year, and. Kroll Bond Rating Agency reckons that roughly a quarter of these 1,803 loans may have difficulty refinancing, resulting in what is known as a maturity default.

The Pennsylvania Higher Education Assistance Agency is making its first trip to the securitization market in over a year.

Mercedes-Benz Financial Services USA is preparing its first captive-finance loan receivables securitization of the year, in a $1.24 billion transaction that could be upsized to $1.5 billion.

Amazon.com and Wells Fargo on Wednesday ended their partnership to offer college students a discount on private student loans, quickly abandoning what the bank lauded just six weeks ago as a "tremendous opportunity."

Caliber Home Loans is preparing a second subprime residential mortgage securitization, just months after completing their first U.S. subprime asset-backed deal of the post-crisis era. COLT 2016-2 Mortgage Loan Trust is a planned $221.3 million securitization of 510 first-lien subprime loans

In an unusual move, Fannie Mae has obtained credit ratings for eight previously unrated tranches of five Connecticut Avenue Securities transactions (CAS) issued between 2012, when the program was launched, and 2015.