ABS

Unfavorable court decisions, heightened regulatory attention and a thumb’s down from famed “Big Short” personality Steven Eisman are making no dent in the enthusiasm for marketplace lending (MPL) securitization.

Navitas Credit Corp. is pursuing its third securitization of small and mid-ticket commercial equipment lease and loan receivables in a $202.9 million notes structure.

The trailing 12-month U.S. speculative-grade default rate rose slightly to 5.7% in August, representing the market’s highest default rate since June 2010, according to Moody’s Investors Service.

Jefferies said it received excellent demand for the $293.255 million of tobacco settlement pass-through bonds it priced for the New York Counties Tobacco Trust VI.

CNH Industrial Capital America and Balboa Capital Corp. launched a combined $1.01 billion of bonds backed by equipment leases Friday.

Vistana Signature Experiences, a former unit of Starwood Hotels & Resorts, is marketing its first timeshare loan securitization under its new corporate structure.

Seven New York counties are issuing another $292 million of bond backed by tobacco settlement payments

Ygrene Energy Fund has appointed three finance veterans to manage growth, issue securitizations and support capital raises as the company expands to meet demand from institutional markets.

Lending Club hired a pair of Wall Street executives to strengthen relationships with investors after many pulled back from buying the loans it arranges online during a tumultuous second quarter.