Securitization

A federal judge approved Goldman Sachs Group Inc.'s $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

Online lender Earnest is marketing its second ever offering of bonds backed by loans used to refinance student debt.

The potentially wide-ranging effects of an appeals court decision in Midland Funding v. Madden could deal a serious blow to preemption under the National Bank Act.

JP Morgan and Deutsche Bank are marketing $893 million of commercial mortgage bonds with unusually heavy exposure to office buildings and hotels, according to Fitch Ratings.

A joint venture involving the captive finance arm of French automaker PSA Peugeot Citroën and Santander Consumer UK is issuing its first UK auto financing securitization since gaining regulatory approval for operations there.

The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.

STACR Debt Notes Series 2016-DNA2 is a $916 million bonds offering featuring a reference pool of primarily single-family mortgages with an unpaid principal balance of $30 billion.

Taurus 2016-2 Deu DAC has a five-class notes structure, including a triple-A provisionally rated €140 million tranche at the top of the capital stack.

Santander Consumer USA Holding’s second subprime auto loan securitization of 2016 provides a few clues as to why the company announced Wednesday it would be pulling back its originations in the problem-credit space.

Toyota Motor Credit is issuing it second round of securitizing U.S. captive-finance auto loans this year through its Toyota Auto Finance Receivables trust in what could be between a $1.2 billion to $1.6 billion notes offering, according to a federal registration filing Wednesday.

MassMutualAssetFinance is putting more of its business with Uncle Sam into its latest equipment lease and loan securitization package of transportation, federal energy, computers and software contracts.

Months after mounting an aggressive play for subprime auto borrowers, Santander Consumer USA Holdings is scaling back its presence in the market, citing aggressive risk-taking by smaller competitors.

For the first time since the financial crisis, some collateralized loan obligations are being forced to divert funds normally used to pay junior noteholders to be used for the benefit of more senior noteholders.

Officials in three large U.S. states – Illinois, New York and California – are simultaneously taking initial steps aimed at taming the largely unregulated realm of online small-business lending.

USAA is marketing another catastrophe bond under its Residential Re platform.

The Connecticut Housing Finance Authority intends to offer $189 million in tax-exempt bonds to finance single-family mortgages.

Yum! Brands is tapping the securitization market to refinance a $2.0 billion bridge loan it obtained in connection with plans to split off its China business and modernize its three main brands.

Freddie Mac has revised downward its economic forecast for the remainder of 2016 following a tepid first quarter, but remains upbeat about the housing market

Recent prosecutions against lenders accused of usury violations will test the government's use of a law more commonly known in organized crime cases