Finance

Tricon American Homes is prepping its second securitization of single family rental homes, according to rating agency reports.

Three separate offerings of private loans consolidating the debt of medical students and other recent graduates hit the market last week

Increased loss expectations have weakened credit metrics in Westlake Services’ new $500M securitization of subprime vehicle loan receivables. The heightened risk is offset, though, by a continued expansion of its franchise network that is putting borrowers into more reliable, and more expensive, vehicles.

The latest asset-backed transaction, Opportun Funding IV, LLC, Series 2016-C is a $125 million offering of two classes of notes, backed by $147 million in personal consumer loans in Hispanic communities in the U.S.

The five-year loan to South Korean ownership group MAPS Waikiki Hotel LLC was originated by JPMorgan, and comes three years after the renovated property’s leasehold was purchased from the Blackstone Group, which had performed $110.5 million in property renovations.

Edward DeMarco, a former director of the Federal Housing Finance Agency, argues in a new paper that utilizing Ginnie would make for a smoother transition to a new system.

Altisource Residential, a real estate investment trust, is securitizing a portfolio of 4,262 single family rental properties that it recently acquired from Amherst Holdings.

Amherst Pierpont Securities has named former Jefferies executive Erez Biala to form and direct a new collateralized loan obligation trading and origination platform at the fixed-income broker-dealer.

September was the busiest month for CLO issuance since mid-2015, accoriding to Thomson Reuters L

Consumer Portfolio Services' latest subprime auto loan securitization has the largest ever concentration of longer-term loans.

While Volkswagen continues its international efforts to remedy its 2015 diesel-engine emissions scandal, the German automaker also carries on with its ramped-up efforts since last fall to raise more capital through securitizations. The latest transaction is a €750 million (US$837.5 million) static pool of German vehicle lease receivables from both retail and commercial contracts.

Consumer delinquencies fell last quarter to their lowest point in at least 15 years, according to quarterly data released Thursday by the American Bankers Association.

The Bank of Nova Scotia is launching its debut in the U.S. securitization market with bonds backed by auto loans denominated in Canadian dollars

The Florida Public Service Commission takes issue with the way that three U.S. credit rating agencies classify certain bonds issued on behalf of two power companies that operate in the state.

An affiliate of BBVA is securitizing €265 million in Spanish mortgages, a majority of which are formerly delinquent loans from the Catalonia region returned to performing status.

SoFi Lending is marketing another $427 million of bonds backed by unsecured consumer loans, according to rating agency reports.

Vertical Bridge CC, LL Secured Tower Revenue Notes, Series 2016-2 is a $196 million pooling of its 407 communications broadcast towers, including 377 that it acquired in a sale-leaseback transaction in December 2014 with iHeartMedia, Inc., the radio broadcast station ownership giant and its largest client.

An $890.7 million trust pool of 42 loans sold to a Deutsche Bank-affiliated trust is pursuing a daily double of high-risk collateral attributes: a bevy of underlying interest-only loans and a concentration in the more volatile office and hotel sectors.

More than $200 billion in securitized commercial mortgages come due soon, many of them still underwater

Prosper Marketplace is closing the secondary market for its loans, citing a lack of demand among investors.