Securitization

A Dubai-based aircraft fleet owner is issuing its first rated securitization of loans to purchase a new series of older passenger jets that it will lease to 13 airlines globally.

Non-prime mortgage securitization has roughly doubled each of the last two years, and it shows no signs of stopping, according to a new report issued Wednesday by Fitch Ratings.

Invitation Homes, the real estate investment trust controlled by private equity firm the Blackstone Group, has found a new source of financing for its portfolio of single-family rental homes: Fannie Mae.

California green-energy lender Solar Mosaic is planning a debut $138.95 million securitization of loans financing residential solar-panel system installations.

A Dutch-based auto leasing firm is pooling a UK-based £545million securitization of corporate and public sector vehicle leases and residual value claims.

Citigroup and Deutsche Bank are marketing the second commercial mortgage securitization of the year, according to rating agency reports.

Flagship Credit Acceptance is raising CE levels and slicing off its riskier borrowers from its first securitization for 2017.

The Consumer Financial Protection Bureau is ramping up enforcement actions ahead of a possible political showdown between President Donald J. Trump and the agency’s director, Richard Cordray.

The first commercial mortgage securitization of the year is being used to refinance five hotels owned by Ashford Hospitality Prime and managed by Marriott International.

SolarCity has returned with a new solar-panel financing securitization after nearly a year’s absence from the asset-backed market. The transaction is also its first since December 2015 featuring a collateral pool of direct loans for consumers to purchase solar-panel installations.

The U.S. CLO market is experiencing another rash of refinancings, defying expectations for a slow start to the year.

In order to address lenders' issues with mortgage servicing rights financing, the industry needs to reconsider its typical securitization structures.

General Motors is tapping the securitization market to help it provide inventory finance for automotive dealerships.

A tale of two cities? Santander Consumer USA on Thursday put together the first deep-subprime securitization of 2017 that also comes with the highest expected losses of any outstanding loan portfolio on the market. Meanwhile, Ally Financial launched its first deal of 2017 with auto loans from one of the best-performing prime auto-lender portfolios, in terms of losses and delinquencies.

President-elect Donald Trump’s pick for Treasury secretary said he did not support a plan – known as “recap and release” – for returning Fannie Mae and Freddie Mac to the private sector, clarifying earlier remarks that had caused confusion about the incoming administration’s housing finance agenda.

Blackstone/GSO is refinancing a European CLO originally issued in 2014, the €400 million Phoenix Park CLO D.A.C., according to Fitch Ratings.

CFPB lawSuit Against student loan sevicer Navient Followed Apparent 'Ultimatum' to settle by January 20

Enterprise Rent a Car is tapping the securitization market for $750.2 million to finance fleets of cars and trucks that it rents to companies.

The CarMax Auto Owner Trust 2017-1 is among six asset-backed transactions so far this year involving both prime and subprime auto loan and lease pools identified through ratings agency presale reports and regulatory filings.