Ford Mortor Credit Co. and Harley Davidson are in the market with Term ABS Loan Facility (TALF)-eligible deals.
Ford's $1 billion auto deal is lead by Morgan Stanley. Meanwhile, Harley Davidson's $897 million motorcycle-backed transaction is lead by Citigroup Global Markets, RBS Securities and JPMorgan Securities.
Preliminary details on both transactions are available via the link below from the ASR Scorecard database.
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.
The initial protection amount, Moody's says, is 12.5% of the total reference pool and equals the principal amount of the rated and unrated issued notes.
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
