Finance

Santander Consumer USA's, Chrysler Group plans to issue $751 million of securities backed by auto loans.

Credit Suisse's latest securitization of commercial mortgage loans is heavily exposed to lower quality properties from secondary/tertiary markets, as well as hotel properties; both of which increase the risk in the collateral pool.

Ocwen Financial is back with another round of term notes issued from its Ocwen Master Advance Receivables Trust (OMART).

Puerto Rico Gov. Alejandro García Padilla introduced legislation to reform the Puerto Rico Electric Power Authority, a step PREPA's creditors are requiring for them to accept reduced debt payments.

Joseph Wilson Jr. has joined Golub Capital help expand the credit asset manager’s existing distribution capabilities.

The Federal Home Loan Bank of Chicago is making it easier for members to participate in its Mortgage Partnership Finance program for government-backed loans.

Citigroup plans to issue another $421 million of re-performing, residential mortgage bonds from its Citigroup Mortgage Loan trust, according to DBRS.

New Residential will begin marketing a $500 million securitization of performing mortgage loans next week and will issuer another RMBS in December.

CIT Group is weighing spinning off its aircraft-leasing business as the commercial lender seeks to simplify operations and focus more on the U.S., Chief Executive Officer John Thain said.

Morgan Stanley is securitizing two floating-rate loans totaling $305 million that are in turn backed by hotel and mall properties.

B2R Finance is marketing a second pool of loans secured by rental properties that is both larger and better supported than the issuer's inaugural deal.

BlueVirgo Capital Management is marketing $106.1 million of bonds backed by tax lien certificates on New Jersey and Florida based properties, according to Kroll Bond Rating Agency.

Five Oak Investment Corp, a real estate investment trust that manages a portfolio of agency and non-agency RMBS, is back with a second securitization this year, according to Kroll Bond Rating Agency.

Hotels feature heavily in the collateral pool that backs the latest Deutsche Bank and Cantor Fitzgerald-led conduit CMBS.

A slowdown in cigarette consumption declines, a settlement in New York with the big tobacco companies, and strong demand for risk assets is supporting a rally in the high-yield tobacco bond sector

Deutsche Bank is exiting agency residential mortgage-backed securities trading as part of a larger strategic plan announced Thursday that cuts thousands of positions in numerous business lines worldwide.

Paragon mortgage plans to issue £100 million worth of bonds backed by U.K. buy-to-let mortgages, according to Moody's Investors Service.

Nissan Motor Acceptance Corp. is marketing its second auto lease securitization of the year.

Commercial real estate lender Hunt Mortgage Group has hired Amy Shah to build and launch a collateralized loan obligations platform.