GO Financial’s Subprime Auto ABS Has Unusual Form of Credit Enhancement
GFC Lending, a unit of DT Acceptance Corp., is marketing $165 million of securities backed by subprime auto loans, according to DBRS.
Consumer ABS
South Carolina Tests Market for Bonds Backed by (Rehab) FFELP
The South Carolina Student Loan Corp. is marketing what may be the first securitization of federally guaranteed student loans since rating agencies put a broad swathe of the market under review for potential downgrades over the summer.
Citigroup’s OneMain Wins U.S. Approval for Springleaf Sale
Citigroup's OneMain Financial unit won U.S. antitrust approval for its sale to Springleaf Holdings after the companies agreed to sell branches.
How Swap Margin Rules for ABS Could Up Borrowing Costs
A swaps rule set to take effect in 2016 could make it securitization more expensive, raising funding costs for businesses and consumers.
TCF Bank in Market with 3rd Auto Loan Securitization
TCF Bank is marketing its third auto loan securitization, according to Standard & Poors
BMW Goes Big in Next Chinese Auto Loan Securitization
BMW readied its third and biggest ever Chinese auto loan securitization.
FHA Closes Loophole for Student Debt in Revamped Lender Handbook
Federal Housing Administration closes loophole for student debt in revamped lender handbook.
NelNet Finished 3Q with $113M of SLABS in Trading Portfolio
Did student loan servicer Nelnet took advantage of a sharp selloff in student loan backed securities during the third quarter to add to its holdings?
Santander Readies Norwegian Auto Loan Securitization
Santander Consumer Bank plans to issue bonds backed by Norwegian auto loans receivables under its Bilkreditt trust.
Chrysler Marketing $751M Auto Loan ABS
Santander Consumer USA's, Chrysler Group plans to issue $751 million of securities backed by auto loans.
Nissan Marketing 2nd Auto Lease Deal of Year
Nissan Motor Acceptance Corp. is marketing its second auto lease securitization of the year.
Barclays, Discover Plan to Issue $620M of Credit Card ABS
Barclays and Discover Bank are adding credit card deals to the mix of consumer debt securitization this week, according to Fitch Ratings.
AmeriCredit, Bank of West Offer $1.7B in Auto Loan ABS
Two auto loan securitizations from AmeriCredit Financial Services and Bank of the West launched today.
Porsche Brings More Bentley, Lamborghini Leases to Market
Porsche Financial Services has increased exposure to some of its most expensive nameplates in its latest lease securitization.
Santander Consumer USA to Exit Personal Lending
Santander Consumer USA Holdings plans to exit personal lending and focus primarily on its auto-finance business.
CFPB Wins $531M Case Against Corinthian Colleges
A federal judge has ordered Corinthian Colleges to pay more than $531 million on charges brought by the Consumer Financial Protection Bureau that the for-profit college used illegal tactics to collect on student loan debt.
Final Student Banking Rule Draws Fire, Praise
The Department of Education on Tuesday finalized a set of rules that will restrict certain banking practices for federal student loan servicers.
Subprime Auto Lender Skopos Plans 1st Rated Securitization
Skopos, an indirect lender, is readying its first term securitization of subprime auto loans with a credit rating.
Flagship Marketing $450M Subprime Auto Loan ABS
Flagship Credit Acceptance, the subprime auto lender controlled by Perella Weinberg Partners, is in the market with a $450 million securitization, according to Standard & Poors.
Fifth Third Makes 1st Trip of Year to Auto ABS Market
Fifth Third Bank is marketing a $750 million prime auto loan securitization, according to Fitch Ratings.
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