Finance

Despite the deterioration in their CLO holdings, BDCs appear to be maintaining their dividends and appear to be in no particular hurry to unload holdings.

Even before the Treasury Department released its policy recommendations for the marketplace lending sector, an industry-backed campaign opposing new rules for small-business credit was underway

Colony American Finance is going to issue $254 million in new notes backed by the mortgage loans of landlords of the fledgling multi-tenant and single-family residential securitization market. .

Insurance firm Assurant Inc. is bringing a diverse mix of low-leverage commercial mortgages to it’s first-ever $259.7 million securitization.

Legislation that would authorize the use of private flood insurance on Fannie Mae and Freddie Mac mortgages was overwhelmingly approved by the House late last month, but concerns about its potential impact are beginning to crop up.

Capital One Bank is bringing its first 2016 issue of securitized credit-card receivables in two series of notes totaling $750 million through its Capital One Multi-Asset Execution Trust (or COMET), according to a regulatory filing.

LendingClub Corp. founder and Chief Executive Officer Renaud Laplanche resigned after an internal review of loan sales to a single investor, and president Scott Sanborn was named acting CEO.

Greystone, a commercial real estate lending, investment and advisory company, is adding two executives to a mortgage bond lending team.

The RBC Capital Markets is marketing what is likely to be one of very few offerings of Canadian commercial mortgage bonds this year.

A proposed class-action lawsuit against LendingClub threatens investors in bonds backed by its loans and similar debt even if the plaintiff loses, according to Moody's Investors Service.

Driven Brands, the holding company controlled by Roark Capital, is issuing another $45 million from its whole business securitization.

Global Lending Services is prepping a $200 million offering of bonds backed by subprime auto loans.

The Treasury Department will release a white paper next week outlining “research and recommendations” related to marketplace lending as a capstone to its nearly yearlong inquiry into the fast-growing industry

VCL Master Netherlands B.V. is a Euro-denominated ABS that will issue two series of notes backed by €260.05 million in outstanding principal of from more than 14,000 vehicle lease contracts, as well as €108.97 million in receivables’ residual values.

Moody’s Investors Service has assigned a provisional ‘Aaa’ rating to the class of €556.5 million Class A floating rate notes. None have been assigned to the €43.5 million Class B stack.

The early performance of bonds backed by rehabbed residential mortgages is pretty strong, according to Fitch Ratings.

The $828.6 million American Airlines Series 2016-2 trust certificates will be secured by 22 recently or soon-to-be delivered, newly manufactured Airbus and Boeing passenger jets, American reported in a filing with the Securities and Exchange Commission.

Prosper Marketplace Inc., one of the largest U.S. online lending platforms, is slashing its workforce 28%, joining rivals in signaling investors aren’t as eager to fund loans after years of rapid growth.

Credit Acceptance Corp. received a subpoena from the Maryland attorney general regarding its repossession and sales policies, the subprime lender disclosed Monday.