Finance

For investors who were intrigued by the launch of Verizon’s first-ever handset securitization offering in July, an executive for one of the deal’s underwriters deal had a message: Stay tuned.

Early fears that Wall Street landlords might have trouble refinancing their holdings of large portfolios of single family rental homes have proven unfounded.

The subprime auto lender Santander Consumer Holdings USA has made two key leadership moves as it faces ongoing accounting problems.

Unfavorable court decisions, heightened regulatory attention and a thumb’s down from famed “Big Short” personality Steven Eisman are making no dent in the enthusiasm for marketplace lending (MPL) securitization.

Moody's Investors Service has concluded its ratings review on 31 securitizations of federally guaranteed student loans sponsored by Navient Solutions to account for the slower rate of repayment of the collateral.

The pace of mortgage modifications picked up in the second quarter as a streamlined version of the U.S. government’s Home Affordable Mortgage Program (HAMP) started to produce results.

Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay

E-Carat S.A., Compartment 9 is comprised of two series of rated notes of undetermined size, backed by a pool of €513.5 million in loans.

The high volume of commercial mortgages maturing this year has left some property owners scrambling for funds to refinance. Not so for these eight borrowers, who took advantage of the strong price appreciation of their iconic office buildings, luxury hotels, super regional shopping malls, and even a portfolio of rental homes, to cash out … In some cases, the tune of hundreds of millions of dollars of equity.

Deutsche Bank may have to make additional legal provisions if a settlement with U.S. authorities over the sale of residential mortgage-backed securities exceeds $4 billion, according to analysts at JPMorgan Chase.

Synchrony Credit Card Master Note Trust 2016-3 Notes, an upsized $767.1 million structure of two senior classes of securitized bonds, priced near par on Wednesday at a coupon of 1.58% over Libor for the $700 million Class A notes stack, and 1.91% on a $49.9 million Class B notes slice.

JPMorgan is dipping into its toolbox for a type of financial engineering rarely seen these days: “re-remic,” or a securitization of real-estate mortgage investment conduits.

Goldman Sachs, Morgan Stanley and Bank of American Merrill Lynch are marketing two CMBS conduits totaling nearly $2 billion, according to rating agency reports.

Morgan Stanley and Barclays Bank are marketing $550 million of bonds backed by a mortgage on Merchandise Mart, a 24-story, four million square foot art deco landmark in downtown Chicago.

Chase Bank, Discover, RBC and Alliance Data Systems Corp. – through subsidiary Comenity Bank – each received preliminary triple-A ratings for their new card-backed securitizations. The largest of the deals, Chase’s $1.1 billion Chase Issuance Trust 2016-7 through its ChaseSERIES platform, closed Monday.

American Homes 4 Rent (AH4R) has repaid the $342.1 million loan that serves as collateral for its first securitization of single family rental properties.

SoFi Lending Corp. is in the market with another $436.67 million of notes backed by private student loans.

A fintech startup called Point is allowing consumers sell a piece of their home equity to investors, rather than borrowing against the value of their houses.

The $320.2 million securitization deal, dubbed HERO Funding 2016-3, will issue two tranches of class A notes with double-A ratings from both Kroll Bond Rating Agency and DBRS.