Barclays: Fitch Easier on FFELP Than Moody’s
Is Fitch Ratings going easier on bonds backed by federally guaranteed student loans than Moodys Investors Service? Thats the conclusion of analysts at Barclays.
Consumer ABS
More Lending, Low Rates Buoy Euro Securitizations
A jump in lending in many parts of Europe, coupled with rising economic growth and higher employment, should help bolster the performance of securitizations in Europe, according to Fitch Ratings.
LoanDepot Securitizes $150M of Personal Loans
LoanDepot closed its first securitization of personal loans today, the company announced in a press release.
Ford Turns to China Auto Loan For Next Securitization
The sponsor will securitize a RM3 billion ($469 million) portfolio of auto loans extended to borrowers in China.
BNP Paribas Resumes Unsecured French Consumer Loan Securitization
BNP Paribas Personal Finance, a subsidiary BNP Paribas, plans to resume securitizing personal consumer loans via its Noria platform.
Navient Plans $259M Private Student Loan ABS
Navient is marketing $259 million of securities backed by private student loans it sponsored and services.
Losses Inch Higher for Securitized Subprime Auto Loans
Losses on the subprime auto loans that are bundled into bonds are creeping higher. In a release today, Fitch Ratings said the figure hit 8.05% in October on an annualized net basis, from 7.61% a year earlier.
CFPB Critics See Glimmer of Hope in Auto Lending Bill
The banking industry won a small victory this month when the House voted to nullify Consumer Financial Protection Bureau guidance that had led to recent auto lender settlements, but the real battle over the bill and its potential impact is just beginning.
House GOP Accuses CFPB of Improper Auto Lending Crackdown
The Consumer Financial Protection Bureau took "misguided and deceptive" actions in extracting settlements from indirect auto lenders for possible discrimination against minorities, House Republicans said in a report issued Tuesday.
Subprime Auto Bonds Seen Hitting Pre-Crisis Peak in 2016
Despite tighter scrutiny from regulators, the issuance of bonds backed by subprime auto loans could reach their pre-crisis peak next year.
Should Asset-Backeds Go Back to Their Old Pricing Benchmark?
Is it time for asset-backed deals to go back to Treasurys as their pricing benchmark? This is a question that researchers at J.P. Morgan are posing to the market.
Santander Consumer Modifies More Loans as Subprime Push Continues
Santander Consumer reported an uptick in loan modifications, a sign that the auto lender is continuing its aggressive play for subprime borrowers.
Auto Lending Hits New Record, Refuels Subprime Worries
U.S. consumers are shouldering record levels of debt to get behind the wheel of an automobile.
New Risk in DRB SLABS: Medical Residency Refis
Darien Rowayton Bank plans to securitized a portfolio of refinanced private student loan debt, according to DBRS.
Fitch Proposes Changes to FFELP-ABS Criteria
Fitch Ratings is proposing changes to the way it rates bonds backed by government-guaranteed student loans to account for the slower pace at which these loans are being repaid.
Moody’s Sees Risk for Marketplace Loans in Usury Litigation
The Supreme Court might hear a case thats pivotal for marketplace lenders.
Springleaf Renames Itself After Closing Purchase of Citi’s OneMain
Springleaf Holdings has changed its name to OneMain Holdings after buying its top competitor from Citigroup for $4.49 billion.
Another VW Lease ABS, This One Swiss, On the Way
AMAG Leasing, the leasing arm of Swiss auto distributor and Volkswagen importer AMAG, plans to make a market debut with a CHF400 million ($396 million) portfolio of Volkswagen leases, some of which are impacted by the recent emissions cheating allegations.
IRS Issues Favorable Guidance for Student Loan Bonds
The Internal Revenue Service has issued guidance clarifying that state student loan programs can use tax-exempt bonds to fund parent loans as well as for a broad range of refinancings that help borrowers take advantage of lower rates
SoFi Marketing 7th Private Student Loan Securitization
SoFi Lending Corp. is marketing another $536 million of securities backed by private student loans.
Load More
Couldn’t load more articles. Try again.