Securitization

Auto lenders continue to defy warnings about growing risks in the market.

Prosper Marketplace has tapped a USAA executive to be its next chief financial officer.

The Securities and Exchange Commissioner took to the podium in the convention center of the Aria Resort & Casino to express to attendees his admiration for the economic benefits of securitization – and his disagreement with the risk-retention regulatory regime that has enveloped it.

Florida lawmakers could soon approve legislation designed to lower borrowing costs by authorizing certain municipal water and sewer providers to issue bonds backed by special customer charges.

Panelists and attendees at the ABS Vegas 2016 conference conveyed varying levels of doubt about at the prospects for securities backed by consumer and small-business loans originated through online lending platforms like Lending Club, Prosper and Funding Circle.

Issuance of commercial mortgage bonds has gotten off to a slow start this year, and the pace is unlikely to pick up soon, as origination of loans used as collateral has slowed.

NewOak named Jonna Boyle as a director in Credit Services LLC, a consultancy that specializes in providing credit and regulatory compliance for commercial and consumer loan products.

Esoteric asset classes such as aircraft leases and whole business securitization are starting to attract more attention from traditional investors in high yield corporate bonds.

The sharp selloff in leveraged loans has created opportunity for some CLO managers, particularly those with deep pockets. Managers that can quickly acquire loans at a discount in the secondary market can still make money bundling them into collateral for bonds.

OneSavingBank is readying a £403.2 million securitization of U.K. residential mortgages originated at the peak of the U.K. housing crisis, according to DBRS.

Freddie Mac has expanded the amount of loan-level data it discloses about mortgages it insures in an effort to boost appetite for reinsurance.

After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies seeking to pool loans for securitization and servicing.

Lending Club announced Friday that it is making changes to its contractual relationship with the bank that issues its loans. The move is designed to protect San Francisco-based Lending Club against legal challenges to its business model.

Navient is marketing $1.1 billion of bonds backed by federally guaranteed student loans, according to Moody’s Investors Service.

Capital One Financial in McLean, Va., has added Amazon's former chief information security officer to its board of directors.

Goldman Sachs is securitizing a $349.75 million loan secured by a portfolio of rent-controlled apartment buildings in one of the most expensive cities in the U.S. – San Francisco.

DBRS assigned ‘AAA’ ratings to €109.3 million ($120.9 million) of notes issued from RCI Banque’s Cars Alliance Auto Loans France Master.

The go-go days of marketplace lending have screeched to a halt in recent weeks, as anxiety spreads among the big-money investors who fueled the sector's rapid growth.

A pair of private student loan securitizations featuring pools with high-end borrowers in the post-graduate medical, legal and professional fields went to market on Wednesday.