AmeriCredit to Issue 3rd Subprime ABS of 2016
AmeriCredits third subprime auto loan securitization for the year displays the companys recent shift toward more new car originations with lengthier terms.
Consumer ABS
Wheels Returns With $512.6M Auto Lease ABS
Wheels Inc., one of the nations oldest and largest vehicle fleet lessors, is back in the securitization market after a years absence with a pool of corporate lease contracts.
CFPB to Release Debt Collection Proposals
The Consumer Financial Protection Bureau is set to unveil new details this week about plans to rein in debt collection practices.
Barclays Adds Seasoning to Latest Card ABS
Barclays 13th U.S. credit card securitization, and the first for 2016, has taken a shift toward older vintage accounts in its new $609.8 million pool of receivables. Fitch, S&P have issued preliminary ratings to the Class A notes in the capital stack.
Navient Preps Another, Larger Securitization of Rehab FFELP
As expected, Navient is preparing another $1.0 billion securitization of federally guaranteed loans that were once delinquent but are now making timely payments.
SoFi Launches 2nd Consumer Loan ABS of Summer
Online lender Social Finance is planning a second consumer-loan securitization in just over a month with a $480 million notes offering backed by $575 million in prime, high-earner unsecured personal loans.
Why Credit Card Losses Are Poised to Rise
The unusually strong loan performance in the credit card business lasted longer than many observers expected. But today the industry's prolonged post-crisis era finally appears to be over.
Wells Fargo Joins Amazon to Offer Student Loan Discounts
One of the nation's biggest banks and the so-called "everything store" have joined forces to extend loan discounts to students.
American Credit Acceptance to Issue $230M Subprime Auto ABS
American Credit Acceptance is preparing $230 million of bonds backed by subprime auto loans, its third term securitization of the year.
Navient Eyeing Another Securitization of Rehab FFELP
Navient is contemplating another securitization of federally guaranteed student loans to borrowers who were once in arrears but are now making timely payments.
CommonBond Sells Stock, Gets More Student Loan Funding
The consumer-finance startup CommonBond is doubling down on the education-debt market, which has been a pocket of tranquility in an otherwise volatile online lending sector. The New York company said Tuesday that it is acquiring Gradible, a website where Americans who borrowed to pay for college can get advice about their options for repaying their […]
Comenity Bank Marketing $333M Bonds Backed by Card Receivables
Comenity Bank is marketing $333.3 million of bonds backed by credit card receivables from its World Financial Network Credit Card Master Note Trust, according to Fitch Ratings.
CFPB Set to Release Debt Collection Proposal on July 28
The Consumer Financial Protection Bureau is expected to unveil a proposal on July 28 that would regulate debt collection practices.
New CPS Subprime Auto ABS Gains in Credit Quality
Consumer Portfolio Services is planning a third securitization of its subprime auto loan portfolio in 2016, amidst slightly improved underwriting conditions but growing levels of delinquencies on receivables.
BBVA Securitizes 8th Auto Loan Euro ABS
Fitch Ratings and Moodys Investors Service have assigned preliminary ratings to a 700 million, 18-month revolving securitization of unsecured consumer auto loans issued and serviced by Banco Bilbao Vizcaya Argentaria, S.A.
Driverless Cars Could Steer Auto Lending in New Direction
Americans' longstanding relationship to automobiles owning them, driving them is set for a dramatic shift, and so is auto finance.
Congress Questions Online Lenders as It Weighs Reforms
Online marketplace lenders found themselves in the congressional crosshairs Tuesday just as some lawmakers are attempting to provide the industry with sought-after reforms.
OneMain Testing Demand for Cashout Refi Car Loans
OneMain is testing investor appetite for a new kind of subprime auto loan, one that allows borrowers to cash out some of the equity in their vehicles. OneMain, formerly known as Springleaf Financial, is one of the first to securitize a pool of primarily cash-out refinancing auto loans.
Sallie Mae Readies 2nd Private Student Loan Deal of Year
Sallie Mae Bank is preparing its second private student loan securitization of the year, according to Fitch Ratings.
Private Student Loans Get an A for Credit, C for Growth Prospects
Banks that stuck with student lending after the financial crisis are finding the business far less risky than it used to be.
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