Securitization

U.S. CLO new issue bounced back in February with 15 deals coming to market for a combined total of $8.1 billion, according to Thomson Reuters LPC.

Subprime auto lender Westlake Financial Services is hoping asset-backed investors can stomach a bigger dose of regulatory risk.

Multifamily is one of four lending subcategories that regulators consider when assessing a bank’s exposure to commercial real estate. Dozens of banks remain above regulators’ preferred capital ratio for measuring CRE risk.

Avis Budget Car Rental is piecing together the market’s second rental-car fleet transaction of the year in a $500 million transaction.

ECMC Group is marketing another $409 million of notes backed by federally guaranteed student loans that were once delinquent but are now making timely payments.

Cohen Financial Services is readying a $567.4 million offering of bonds backed by mortgages on office, retail and apartment buildings in a state of transition.

Verizon has launched its third overall securitization of device payment plan (DPP) receivables with a $1.29 billion notes offering carrying slightly heavier risks for investors than its first pair of deals in 2016.

GM Financial and Toyota Motor Credit wasted no time in returning to the securitization market following the conclusion of an industry confab in Las Vegas; the two are marketing nearly $3 billion of prime auto-related bonds.

PGIM is placing its first collateralized loan obligation offering of the year with an tilt toward lower-quality credits, as well as deferred interest across a large segment across the subordinate tranches of the $612 million transaction.

Some commercial mortgage bond investors would like to see sponsors of deals eat even more of their own cooking. And that appears to be what Goldman Sachs is doing in a transaction that launched Wednesday.

Late payments on securitized commercial mortgages resumed climbing in February, after an unexpected pause the previous month.

Securitization pros compared notes on regulatory compliance and learned about the risks and rewards of fintech; here are the highlights of the Structured Finance Industry Group;s annual confab.

Angel Oak is preparing its first offering of rnonprime esidential mortgage bonds with a credit rating.

JPMorgan is relying on someone else to keep “skin in the game” of its next offering of commercial mortgage bonds.

New Residential Investment Corp. is readying an offering of bonds backed by both reperforming and nonperforming mortgages, according to DBRS.

The oft-maligned risk-retention standards for asset-backed securities benefits from members of at least one segment of the market: commercial mortgage-backed securities investors.

The worsening trend for subprime lenders amid an otherwise healthy consumer economy is a puzzling development that even auto loan securitization experts were somewhat at a loss to explain at SFIG Vegas.

Expect to see more bonds backed by Property Assessed Clean Energy Loans that earn top marks from credit rating agencies.

Lost in the battle between banks and retailers — which is being fought with renewed vigor in the early days of the Trump administration — is any consideration of how caps on interchange fees have affected consumer spending patterns.