Securitization

Car loans in the U.S. are soaring, but don't expect a crash any time soon.

Wyndham Worldwide is first out the gate this year with a securitization of timeshare loans.

A well-seasoned collection of £470.3 million in prime “buy-to-let” residential mortgages is being securitized by the UK’s third-largest building society.

Investors continue to demand additional compensation for taking on the credit risk of mortgages insured by Freddie Mac.

LendKey, which manages online lending programs for banks and credit unions, has named Salil Mehta to senior vice president of credit risk and analytics.

The bust in oil prices has jeopardized local economies in heavy oil-sector regions of the country. Might the volatility do the same to mortgage-backed securities, should massive layoffs in the industry give rise to a surge of homeowner defaults in energy production centers? Standard & Poor’s thinks not.

U.S. CLO issuance remained muted in February, with just five deals pricing totaling $2.1 billion, according to Thomson Reuters LPC. However that was an increase from the $826 million from two deals posted in January.

BlackRock Financial Management Inc. says it has identified 85% of the targeted portfolio for Magnetite XVII, which at this point is a highly diverse mix mostly first-lien secured loans (97.6% of the assets) from 160 obligors.

Mercedes-Benz is offering its first auto lease-backed securities of the year, according to Standard & Poor’s.

The Consumer Financial Protection Bureau's announcement Monday that it is accepting complaints about marketplace lenders is a sure sign it is moving toward regulating the burgeoning industry.

Conn’s Appliances is returning to the securitization market for the first time shedding $1.4 billion of delinquent and defaulted loans in September 2015 via an unrated transaction.

Goldman Sachs is securitizing a $1 billion in commercial mortgage refinancing a logistics company’s network of temperature-controlled warehouse and distribution facilities nationwide.

Prices of office buildings and industrial properties are falling for the first time since the financial crisis, according to Moody’s Investors Service.

Two Harbors Investment Corp.'s next offering of residential mortgages bonds has a new kind of risk: some of the loans failed to comply, at least initially, with new "know before you owe" disclosure rules.

The $470 million Oaktree EIF 1 Series A will issue five tranches of floating-rate and fixed-rate notes with preliminary ratings from Moody’s Investors Service and Standard & Poor’s.

California Republic Bancorp.’s first auto loan securitization of the year pools loans of slightly better credit quality, according to Standard & Poor’s which is rating the deal.

Market volatility and new regulatory burdens are thinning the ranks of commercial mortgage lenders that underwrite loans for securitization. Activity is slowing down as a result, and it is unclear if banks and insurers will fill the void, especially outside the largest cities.

Bank of America Merrill Lynch is securitizing a single commercial mortgage that real estate investment trust Ashford Hospitality Trust is using to refinance an existing 17 hotel properties in seven states.

XL Insurance (Bermuda) has completed a $300 million catastrophe bond, according to GS Securities, the deal’s sole structuring agent and bookrunner.