Finance

Puerto Rico’s electric utility reached an agreement with insurance companies MBIA Inc. and Assured Guaranty Ltd. and bondholders to restructure its $8.2 billion of debt.

Standard & Poor's downgrade of Volkswagen will have no immediate impact on its three U.S. auto loan and one auto lease asset-backed securities transactions it rates originated by VW Credit.

The average price of the loans underlying commercial mortgage-backed securities increased modestly from October to November, according to DebtX.

Online marketplace lender OnDeck is involved in another securitization but this time it’s not the sponsor.

Guggenheim Securities, an investment bank that specializes in bonds backed by unusual assets such as franchise fees and tax liens, has its eyes on more traditional kinds of securitization.

The Federal Housing Finance Agency is giving private mortgage insurers some hope this holiday season that they might get a chance to offer deeper mortgage insurance on Fannie Mae and Freddie Mac single-family loans.

The rising number of Chinese buying U.S. homes could be a boon for investors with a stake in U.S. residential mortgages, according to Bank of America Merrill Lynch.

The number of borrowers behind on private student loan payments lat the end of the third quarter declined from the year-earlier period, though it was up slightly over the previous six months, according to MeasureOne.

California Republic Bancorp has issued a recently-closed securitization of prime auto loans, the company said in a release.

Property Assessed Clean Energy loans have been available in Florida since 2010, but lending, as well as securitization of these loans, has lagged far behind California largely due to a series of lawsuits. A ruling by the Florida Supreme Court in October could change that.

Fitch Ratings has placed another $30 billion of bonds backed by guaranteed student loans under review for potential downgrades.

Solar panel loans may be riskier than related assets such as leases and power purchase agreements, but that doesn’t mean that solar loan securitization will necessarily be riskier.

Freddie Mac will begin issuing single-family mortgage-backed securities sometime next year via the new common securitization platform, the Federal Housing Finance Agency said Thursday.

Ally Financial, seeking new sources of customers, will finance used cars sold through Beepi, an 18- month-old website that lets people buy vehicles with a few clicks and no test drive.

Sen. Bob Corker championed a provision he added to the budget bill that would temporarily prevent the Treasury Department from recapitalizing Fannie Mae and Freddie Mac and discussed other banking priorities in a sitdown interview with American Banker.

With regulators nipping at their heels, auto lenders had good reason this year to retrench. But that’s not what they did.

Fannie Mae’s final risk sharing transaction of the year was with reinsurers.

Don’t expect much of an impact on structured finance next year from the Fed rate hike and its decision to raise rates gradually.