Finance

Cerberus Capital Management keeps cranking out bonds backed by re-performing residential mortgages.

Morgan Stanley and UBS’ latest offering of commercial mortgage bonds is most notable for what it lacks: a large number of loans with very high leverage.

Fitch Ratings is proposing changes to the way it rates bonds backed by government-guaranteed student loans to account for the slower pace at which these loans are being repaid.

Regiment Capital Advisors sold the management contracts to four collateralized loan obligations totaling $1.6 billion to Sankaty Advisors.

Are Fannie Mae and Freddie Mac an antidote to the influence of big banks in the mortgage market, and, by extension, in the economy?

J.G. Wentworth is marketing $102.1 million of bonds backed by structured settlement payments; it’s the sponsors third transaction so far this year.

The Supreme Court might hear a case that’s pivotal for marketplace lenders.

Springleaf Holdings has changed its name to OneMain Holdings after buying its top competitor from Citigroup for $4.49 billion.

CarVal Investors has joined the growing ranks of players securitizing re-performing mortgages.

Diamond Resorts International has completed the sale of $180 million of bonds backed by timeshare loans.

New Residential is marketing a $519.7 million securitization of re-performing mortgage loans, according to Moody's Investors Service.

CLO manager CIFC Corp. is tackling the impending risk retention rule head on by raising its own capital.

.Yet another offering of commercial mortgage securitization is getting some ratings juice from an investment grade property on Madison Avenue in New York City, but this time it’s a different address.

PACE bonds issued by Los Angeles County along with those issued by the Western Riverside Council of Governments' and San Bernardino Associated Governments collateralize the third securitization of Property Assessed Clean Energy (PACE) bonds issued under the HERO Funding Trust.

AMAG Leasing, the leasing arm of Swiss auto distributor and Volkswagen importer AMAG, plans to make a market debut with a CHF400 million ($396 million) portfolio of Volkswagen leases, some of which are impacted by the recent emissions cheating allegations.

The Internal Revenue Service has issued guidance clarifying that state student loan programs can use tax-exempt bonds to fund parent loans as well as for a broad range of refinancings that help borrowers take advantage of lower rates

SoFi Lending Corp. is marketing another $536 million of securities backed by private student loans.

GFC Lending, a unit of DT Acceptance Corp., is marketing $165 million of securities backed by subprime auto loans, according to DBRS.

The South Carolina Student Loan Corp. is marketing what may be the first securitization of federally guaranteed student loans since rating agencies put a broad swathe of the market under review for potential downgrades over the summer.

Citigroup's OneMain Financial unit won U.S. antitrust approval for its sale to Springleaf Holdings after the companies agreed to sell branches.