Finance

Student loan servicer Navient is marketing another $497 million of securities backed by federally guaranteed student loans, according to rating agency reports.

Sonic Industries is returning to the securitization market with seven-year bonds backed by current and future franchise fees, restaurant royalties and other intellectual property.

A strong finish to March allowed the U.S. leveraged loan market to have its best quarter in nearly four years, according to Markit.

Fraikin Groupe is refinancing a truck lease securitization, according to Standard & Poor’s.

With the pricing of five new deals since mid-March, the European collateralized loan obligation market has broken out from a slow start in 2016 to put itself on pace to match, or exceed, 2015 new-issue volume levels.

Ginnie Mae is mulling whether to guarantee a new type of securitized-loan pool.

DriveTime Automotive Group is marketing its second subprime auto loan securitization of the year, according to rating agency reports.

Hyundai Motor is marketing its first offering of the year of bonds backed by dealer inventory financing, according to rating agency reports

The Los Angeles-based manager, a unit of Canyon Capital Advisors, is issuing its first CLO in nearly a year through Canyon CLO 2016-1. The transaction is a follow-up to the $400 million Canyon Capital CLO 2015-1 issuance in April 2015.

AmeriCredit Financial Services, a unit of GM Financial, is marketing its second subprime auto loan securitization of the year, according to Moody’s Investors Service.

Winston & Strawn said this week that veteran financial services attorney Keith Andruschak has joined the firm’s corporate practice as a partner in New York.

Some of the biggest investors in mortgage bonds are asking the Consumer Finance Protection Bureau for additional clarification about their liability for purchases of loans that fail to comply with a new disclosure rule.

3i Debt Management priced a €400 million European collateralized loan obligation, according to Moody’s Investors Service.

Volkswagen AG’s latest auto lease securitization in Europe appears to show the automaker is making progress to repair nearly 11 million vehicles – and maintain its past solid quality securitization performance – in the wake of its diesel-engine emissions testing scandal that broke last September.

The Consumer Financial Protection Bureau on Wednesday ordered a San Diego student debt relief company to shut its operations, cancel all contracts and cease participating in the industry.

The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution.

A growing number of ABS professionals expect credit quality to decline and underwriting standards to tighten this year, according to a survey released Tuesday by Capital One Bank.

The Dolphin Master Issuer Series 2016-1 is a Class A-only notes structure, which has been assigned a ‘AAA’ structured rating by Standard & Poor’s.The notes, for which ABN has no new assets in the collateral pool, are paying off the principal on three outstanding Dolphin issues.

Subprime consumer lender Avant currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.