Securitization

The 2,517 loans in the Towd Point Mortgage Trust 2016-5 pool include a 77.8% share of well-seasoned, modified loans, of which 69% have had no delinquency for at least 24 months.

FICO says it is experiencing wider use of its credit-scoring models for the securitization of equipment installment plan receivables by wireless carriers.

GE Capital Aviation Services is marketing $709 million of notes backed by aircraft leases, according to Kroll Bond Rating Agency.

SCF Realty Capital, a lender that specializes in single-tenant properties, launched its first commercial mortgage securitization on Nov. 22.

Continental Finance Co., a consumer-finance company headquartered in Wilmington, Delaware, is marketing $65 million of bonds backed entirely by subprime credit card receivables, according to Morningstar Credit Ratings.

Omega Healthcare Investor, a real estate investment trust, is tapping the securitization market to help finance its acquisition of a portfolio of 64 primarily skilled nursing facilities.

J.P. Morgan is marketing its fourth offering of private-label residential mortgage bonds of the year, according to Fitch Ratings.

Nonbank servicers will continue to gain market share in 2017, but much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing

Moody's Investors Service concluded its review of two federally guaranteed student loan securitizations originally sponsored by GCO Education Loan Funding Corp..

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage backed securities in 2006 and 2007.

Renewable Funding, emboldened by the success of its first three trips to the securitization market, is preparing to finance an even larger portion of its lending for energy efficiency upgrades.

The Consumer Financial Protection Bureau has formally appealed an October court ruling that undercut the agency's independent status, arguing that the decision laid out a theory of separation of powers without precedent in case law or the Constitution.

Ashford Hospitality Trust is tapping the securitization market to refinance a hotel portfolio.

The November rush of new and refinanced collateralized loan obligations deals has quickly closed the gap on this year’s lagging levels of transaction volume compared to 2015.

RAIT Financial Trust has launched its sixth commercial real estate (CRE) collateralized loan obligation (CLO), according to Moody’s Investors Service.

Huntington Bancshares followed through Thursday on its previously announced plans to launch a regional $1.5 billion prime auto securitization of indirect loans underwritten and serviced for partnering dealerships.

Lending Club founder and online-lending pioneer Renaud Laplanche is seeking a second act in a new company.

Bayview Asset Management, a Coral Gables, Fla.-based property firm owned by Blackstone Group, is pursuing a$214.3 million securitization of performing and re-performing mortgage loans acquired from CitiFinancial.

The leading used-car lender in the UK is piloting its latest revolving securitization secured by £405 million in consumer and commercial vehicle leases.