Ally Bank is in the market with a $929.5 million TALF-eligible autofloor plan ABS, Ally Master Owner Trust 2010-1. The deal is led by Barclays Capital, Deutsche Bank Securities and Morgan Stanley.
Ocwen Loan Servicing is also in the market with servicer advance receivable offering. The $200 million transaction is led by Wells Fargo.
Preliminary details on the deal are available via the link below from the ASR Scorecard database.
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
The bank is a top auto lender, with a managed portfolio of $7.1 million through December 2023, and has a strong servicing track record.
