Finance

Losses on the subprime auto loans that are bundled into bonds are creeping higher. In a release today, Fitch Ratings said the figure hit 8.05% in October on an annualized net basis, from 7.61% a year earlier.

Castlelake LP is preparing its second securitization of leases on older aircraft, according to Kroll Bond Rating Agency.

The banking industry won a small victory this month when the House voted to nullify Consumer Financial Protection Bureau guidance that had led to recent auto lender settlements, but the real battle over the bill and its potential impact is just beginning.

Issuance of CLOs in the U.S. market this year fell short of 2014 totals will fall further next year, Wells Fargo Securities Senior Analyst David Preston said in a recent report.

Commercial mortgages bundled into securities will keep seeing their underwriting standards deteriorate from this year into 2016, say JPMorgan analysts.

The Consumer Financial Protection Bureau took "misguided and deceptive" actions in extracting settlements from indirect auto lenders for possible discrimination against minorities, House Republicans said in a report issued Tuesday.

Despite tighter scrutiny from regulators, the issuance of bonds backed by subprime auto loans could reach their pre-crisis peak next year.

Morgan Stanley is readying a deal backed by 57 commercial mortgages. Amounting to $611.8 million in total, the notes on offer consist of a number of tranches, according to a presale report from Moody’s Investors Service.

Is it time for asset-backed deals to go back to Treasurys as their pricing benchmark? This is a question that researchers at J.P. Morgan are posing to the market.

Mortgage consulting firm Clayton Holdings has hired Mark Hughes as a head of sales and marketing.

ReadyCap Lending LLC has launched a $218.8 million small balance commercial loan securitization, according to Moody’s Investors service.

Fitch Ratings warned Friday that it has been “surprised” to see an increasing number of requests by borrowers to change the terms of loans backing mortgage bonds shortly after securitization.

Santander Consumer reported an uptick in loan modifications, a sign that the auto lender is continuing its aggressive play for subprime borrowers.

Freddie Mac priced another residential mortgage securitization that includes a mix of guaranteed and non-guaranteed notes.

U.S. consumers are shouldering record levels of debt to get behind the wheel of an automobile.

Nationstar's third transaction backed by inactive reverse mortgages is the first to be rated by Moody's Investors Service.

Fannie Mae gets reinsurance on mortgages with LTVs in excess of 80%.

Darien Rowayton Bank plans to securitized a portfolio of refinanced private student loan debt, according to DBRS.