Securitization

Portfolio managers are feeling a slight breeze of optimism for the first time in over three years about credit conditions for corporate borrowers, according to the latest survey from the International Association of Credit Portfolio Managers.

Semper Capital Management, a boutique fixed-income investment manager, has hired Christopher Mendez as its general counsel and chief compliance officer.

Is credit risk transfer the right kind of risk-based capital for Fannie Mae and Freddie Mac?

Social Finance, the online lender that made its name refinancing student loans for high-earning millennials, is doubling down on mortgages as rising interest rates are expected to make originations scarcer.

Up to 60 auto-related securitizations, including deals issued by Santander Consumer USA, could face some residual fallout from emissions-tampering software allegations asserted against Fiat Chrysler Automobiles N.V. last week.

The federal government is trying to fixing a big problem with a generous repayment plan for guaranteed student loans: borrowers often get kicked out of it when they fail to resubmit paperwork each year.

Moody’s Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation

SoFi Consumer Loan Program 2017-1 is secured by a pool of $550 million in loans, and has a capital structure consisting of a $426.4 million series of Class A notes and $50.7 million in Class B notes. The A notes' 'A' rating by Kroll is a notch below the 'A+' earned in its last transaction in November.

Citibank plans to issue $500 million of two-year notes backed by credit card receivables, according to regulatory filings.

The $1.57 billion Ford Credit Auto Owner Trust 2017-A is lauded by Moody’s Investors Service for its high weighted average FICOs (736) and as a strong follow-up to its last transaction (FCAOT 2016-C) that also featured “slightly stronger” pool characteristics.

A combination of loosened covenants, minimal call protections and aggressive, U.S.-style “dry powder” leveraging strategies have produced the most sponsor-friendly market for European leveraged loans since the financial crisis, according to a new report from U.S.-based Covenant Review.

DBRS, which recently expanded its scope of ratings coverage to include European corporates, has filled a new managing director role over its European structured finance team with the veteran analyst in commercial mortgage structured finance.

Total global funding raised by public companies for solar-sector energy projects fell to $9.1 billion in 2016, a 64% decline from 2015 investment levels, according to a report issued by a key industry consultancy.

A second round of Dutch residential mortgages is being securitized this week with the issuance of Euro-denominated notes backed by €157.73 million in non-conforming home loans underwritten by ELQ Portefeuille I B.V., a specialty lender in The Netherlands.

Discover Bank plans to issue $800 million of five-year notes backed by credit card receivables, according to regulatory filings.

Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray

Obvion, a Dutch mortgage lender owned by Rabobank, is kicking off 2017 with its 41st securitization of €1.19 billion in prime residential mortgages to homeowners in The Netherlands.

Aetna Life is marketing its annual offering of catastrophe bonds offloading risk of medical claims.