Finance

He joins from BlackRock’s mortgage credit portfolios team, where he was lead portfolio manager and lead trader for non-agency RMBS trading.

A subsidiary of Ford Motor Credit has become the first wholly foreign owned auto finance company to securitize auto loans in China.

The deal, Scandinavian Consumer Loans IV, marks a return for the issuer, which has not completed a securitization since 2011.

The transaction, STORM 2014-II, is managed by the issuer’s parent company, Rabobank International.

Principality Building Society plans to issue a comeback U.K. RMBS, three years after it first tapped the market via the Friary 2011-1 transaction.

Invitation Homes' second securitization of single-family rentals is backed by properties with riskier tenancy, and it had to compensate investors accordingly.

U.K. bank Tesco Personal Finance Group plans to issue securities backed by U.K. Visa and MasterCard credit card receivables, according to Standard & Poor’s

Newtek Business Services, a regular securitizer of small business loans, has added two senior executives, Susan Streich and Harold Gartner, to expand the compliance and factoring services that it provides to clients.

Groupe Banque Populaire, Caisse D’Epargne's €50 billion ($68.5 billion) RMBS program with a 10-year revolving period is the second French deal backed by mortgage securities to be issued this year, according to Standard & Poor’s.

The deal, A-Best 9, is backed by auto loan contracts underwritten to private borrowers for both new and used cars.

Moody’s Investors Service said today that the lens for assessing credit risk in single-family rental securitizations (SFRs) backed by loans to multiple borrowers is different than the one used for SFRs backed by loans to single borrowers.

Assured Guaranty is wrapping a just-priced deal from Turkey’s Garanti Bank, according to a release from the insurer.

Ford Motor Co.'s European lending arm, FCE Bank, plans to issue €543.5 million ($745 million) of securities backed by German auto loan receivables.

A new funding alternative for energy efficiency lending could help the U.S. meet the $200 billion shortfall in financing to make homes more energy efficient.

EFG Private Bank’s RMBS is backed by loans that are secured by London and South East England properties.

Credit Foncier de France is marketing the first securitization of French residential mortgage since 2006, according to Moody’s Investors Service.

A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.

Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.