Securitization

The Kentucky Higher Education Student Loan Corp. is planning to issue $40 million of bonds backed by both private and federally guaranteed student loans

S&P Global Ratings has rated its second marine shipping container securitization of the year in a $196 million transaction backed by leases managed by Seaco SRL.

Exeter Finance Corp. took steps to reduce the risk in its first subprime auto loan securitization of 2017, completed in January. For its follow-up deal, launched this week, the indirect lender has shifted slightly into reverse.

A new Republican plan to streamline Dodd-Frank's capital rules, stress tests and many other requirements will be reintroduced in the coming weeks by House Financial Services Committee Chairman Jeb Hensarling.

The LSTA is lobbying the Trump administration to eliminate or modify risk-retention rules on CLOs, preferably through the quickest route possible: the SEC's rule enforcement authority.

Mercedes-Benz Financial Services next offering of bonds backed by auto leases with higher credit scores than those of its previous deals.

First National Bank of Omaha is returning to the securitization market for the first time in two years with $384.6 million of notes backed by credit-card receivables

Education Secretary Betsy DeVos on Tuesday rolled back an Obama administration attempt to reform how student loan servicers collect debt.

Hertz Fleet Lease Funding has filed plans to issue a $300 million securitization backed by corporate auto and light-truck open-end leases.

Darien Rowayton Bank is preparing to issue $307.5 million of notes backed by private loans used to refinance student debt.

CLO managers are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules repealed.

Charter Court Financial Services is planning a £484.5 million securitization of U.K. investor-owned residential mortgages.

More renters are optimistic about their financial situations and expect to stay where they are even if their rents increased, according to Freddie Mac’s latest survey.

The Federal Housing Administration needs additional funds to replace a 1960s-era computer operating system and make other necessary tech updates.

Subprime auto lender Tidewater Finance Co. is marketing its first offering of bonds backed by unsecured consumer loans.

Global Index Group has developed a synthetic product that allows investors to go long or short a leading U.S. commercial real estate index, the NPI. CBRE Capital Advisors is the exclusive broker.

Payless ShoeSource's closure of 400 stores in the U.S. and Puerto Rico will impact some 36 commercial mortgages, many of them quite small.

Subprime auto lender Consumer Portfolio Services (CPS) is paying a steep premium for rising levels of risk in its second asset-backed transaction of loan receivables this year.

Two private equity firms, Lone Star Funds and Mars Capital, are marketing a total €750 million in bonds backed by non-performing and re-performing Irish residential mortgages.

Elevate Credit in Fort Worth, Texas, debuted Thursday at half the price the company had been targeting. Investors may have been spooked by the possibility of rising losses.