Securitization

An £821.7 million pool of higher-risk problem UK residential mortgage loans originated by GE Home Money Lending and other GEHML-affiliated is being pooled into in a new Towd Point Mortgage Trust asset-backed offering arranged through Credit Suisse.

The credit cycle is getting pretty long in the tooth, but CVC Credit Partners, a private equity firm based in Chicago, is hoping that there’s still plenty of appetite for subprime auto loans.

A refinanced mortgage backed by the historic 85th Tenth Avenue building that’s the east-coast home to Google – as well as the New York birthplace of the Oreo cookie – is being securitized via Deutsche Bank and Wells Fargo.

Fannie Mae joined Freddie Mac in announcing plans to delist some previously-issued debt Connecticut Avenue Securities, which transfer the credit risk on residential mortgages, from the Irish Stock Exchange.

Nearly seven months after the exit of former CEO Raymond LaPlanche, the first rated securitization of Lending Club loans has come to market.

Removing Fannie Mae and Freddie Mac from government control, as Treasury Secretary-designate Steven Mnuchin would like to, could mean the two entities will do more to compete for lenders' loans.

MidCap Financial Services is marketing $251.7 million securitization of loans to life sciences and real estate companies.

Ford Motor Credit is offering its fifth dealer floorplan securitization of the year, marketing $862.75 million in bonds that back lines of credit provided by the captive finance company to its network of dealers.

The recent shake-up at CAN Capital could spark greater scrutiny of a sector that has drawn comparisons to the bubble-era subprime mortgage market.

Subprime lender OneMain Holdings is coming to the securitization market for the first time since its predecessor, Springleaf Finance, acquired the OneMain business from Citigroup in November 2015.

Late payments on securitized commercial mortgages continued to climb in November, as they have for eight of the last nine months.

Loan backed by Hilton Hawaii Village Shows Up in Yet Another Commercial Mortgage Securitization1

Treasury Secretary-designate Steven Mnuchin wasted no time Wednesday joining one of the thorniest debates in the financial services arena, saying the Trump administration would seek to end government control of Fannie Mae and Freddie Mac and return them to the private sector.

Renovate America continues to stretch its regional footprint through its fourth securitization this year of Property Assessed Clean Energy (PACE) bonds supporting green-energy home improvements.

Two new conduits, one from J.P. Morgan and one from Morgan Stanley and Bank of America, totaling nearly $2 billion launched on Tuesday. They followed a $900 million deal from Citigroup on Monday

Much like President-elect Donald Trump himself, expected Treasury Secretary-designate Steven Mnuchin represents something of a question mark for the financial services industry when it comes to his agenda

Santander Consumer’s UK operation is securitizing its first batch of originated British auto loans in over 18 months.

New Residential is securitizing another portfolio of residential mortgages that it acquired through “cleanup calls” on other private label deals, according to DBRS.

Citigroup is marketing $913.4 million of commercial mortgage bonds with heavy exposure to retail properties.