Auto Dealers Prepare for CFPB Oversight
In this week’s webcast: auto dealers expect to come under CFPB oversight & issuance of student loan securitization fueled by Sallie Mae this year.
Consumer ABS
ABS Vegas: Looming ABCP Regs are “Wheel of Torture”
The upcoming ABCP regulations which panelists coined as the Wheel of Torture doesnt reflect the fact that for the last seven years, ABCP has been a plain vanilla product,
ECB Plan Makes ABS Too Pricey For Some
As part of its asset backed securities purchasing program (ABSPP) launched in November, the ECB is buying portions of senior tranches and encouraging market investors to join in.
Ending Hated ‘Disparate Impact’ is a Tough Sell for High Court
The industry may be hoping the Supreme Court kills the unpopular disparate impact theory via a pivotal Texas case argued Jan. 21, but some of the justices statements left analysts skeptical that the legal basis used in fair lending cases will end.
Dunkin Brands Does Whole Biz Securitization
In this week’s webcast: Dunkin Brands does a whole lbusiness securitization, while the Justice Dept. subpoenas yet another subprime auto lender.
Volkswagen Sees Strong Reception for its German Auto ABS
Volkswagen Bank said today that it sold two tranches from its Driver Thirteen, German auto loan securitization at the lower end of price talk.
Volkswagen Plans 717M German Auto ABS
Volkswagen Bank announced a 717 million ($138 million) auto loan securitization issued under the sponsors auto loan receivable program in Germany.
Risk Retention Rules Published in Federal Register
Final rules requiring sponsors of securitizations to retain skin in the game were published in the Federal Register today.
SoFi’s IPO Target May Grow, CEO Says
Marketplace lender Social Finance may seek a larger initial public offering than initially planned, according to Chief Executive Mike Cagney.
A Better Hedge for Rising Interest Rates?
The Chicago Board Options Exchange has launched a product designed to allow fixed-income investors to hedge against interest-rate volatility.
Regulatory Clarity Makes for a Steadier Ship in 2015
Regulatory clarity is an integral factor in Fitch Ratings stable outlook for the securitization market in 2015.
NewDay Plans Double Offering of UK Credit Card ABS
U.K. credit card issuer NewDay announced a new master trust, NewDay Partnership Funding, and plans to offer two series of notes.
ASR Update
This week’s webcast: consumers are taking on more non-housing debt & Soros looks into investing in P2P.
Fitch: ECB’s Cap Relief Impact Higher in Mezzanine
If the European Central Bank wants to provide more capital relief to Eurozone banks through its securitization-buying scheme than banks would get by holding on to their assets, it will have to snap up mezzanine tranches as well.
Credit Agricole Marketing 1.5B Italian Consumer Loan ABS
Milan-based Agos Ducato, a subsidiary of Credit Agricole, plans to issue securities backed by a 1.5 billion ($1.87 billion) portfolio of unsecured Italian consumer loan receivables.
LeasePlan to Sell 537M Dutch Auto ABS
LeasePlan Nederland N.V. plans to sell 537 million of securities backed by Dutch auto leaseinstallment receivables and residual value cash flows.
Moody’s Corp. Acquires Lewtan Technologies
Moodys Corp. has acquired Lewtan Technologies, a leading provider of analytical tools and data for the global structured finance market.
ASR Update
In this week’s webcast: risk retention rules for securitizations are kinder to mortgages than other asset classes. CLOs were hit especially hard, with no exemptions.
What Risk Retention Means for CMBS, Autos, CLOs
Risky mortgage lending may have triggered the financial crisis, but final risk retention rules go much easier on mortgages than securitizations of other kinds of assets.
Volkswagen Plans German Auto Loan ABS
Volkswagen in marketing 743.3 million ($950M) of securities backed by German auto loans.
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