Finance

Issuance of U.S. collateralized loan obligtions is off to a slow start, with just two deals pricing in January; a single European deal priced.

OneMain Financial is preparing to package $555.6 million of subprime consumer loan receivables in its first asset-backed securitization since its acquisition by Springleaf Financial from Citigroup was completed in November.

Exeter Finance Corp. has upped credit enhancement for its latest subprime auto loan securitization to compensate for an increase in losses on recently originated loans.

The ongoing deterioration in crude oil prices is raising concerns that the energy sector’s distress will drag down CLOs that have overweight debt exposure to exploration/production and oilfield services firms.

CIFC Corp. saw its stock soar 22.32% Thursday after the No.1 ranked U.S. CLO manager by deals under management announced it had retained JPMorgan to explore a possible sale of the company.

Citigroup is readying $1.2 billion of commercial mortgage bonds backed by 58 loans secured by 104 properties, according to rating agency reports.

Nissan Motor Acceptance Corp. is out of the starting blocks in 2016 with a $1 billion auto loan securitization in its first pool of loans of the year.

The Department of Housing and Urban Development is reducing the mortgage insurance premiums it charges on Federal Housing Administration multifamily loans to encourage the renovation of affordable housing units and promote energy-efficient upgrades.

Another online lender specializing in student loan refinancing, Earnest, is tapping the securitization market for $112 million.

Paragon Mortgage may be scaling back its loan securitizations in 2016, with plans to utilize the increased deposit base at parent Paragon Bank to fund more originations of its core “buy-to-let” mortgage business to family landlords.

Commercial mortgage securitization may be off to a slow start, but one of the first conduit deals of the year has one of the main hallmarks of 2015: credit barbelling.

WinWater Home Mortgage’s first prime jumbo securitization of the year is backed by a mix of 15-year and 30-year loans, according to DBRS.

The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong — both legally and ethically. It's also directly counterproductive to its goal of protecting consumers.

Bank of American is marketing $166 million of bonds backed by a commercial mortgage on One Channel Center, 500,000 square foot office building and adjacent parking garage in Boston, according to Standard & Poor’s

Freddie Mac has priced a $757 million offering of structured pass-through certificates under its “K Certificates” program that securitizes recently originated multifamily mortgage loans.

The first three issues of U.S. prime jumbo residential mortgage bonds issued since the financial crisis have been called without any loss, Fitch Ratings reported Monday.

HomeUnion, an online, real-estate investment management firm specializing in single-family rental properties, named Vivek Pendharkar as chief development officer.

American International Group announced $3.6 billion in new costs to fill a reserve shortfall and said it will hold an initial public offering for its mortgage insurer and sell an adviser network.

Nations Equipment Finance is shaving exposure to oil-and-gas equipment contracts in its latest asset-backed deal – but still has “relatively high exposure” to the risky field, according to a presale report from DBRS.