Regulators will unveil a long-awaited final rule next week that requires lenders to retain some of the risk for loans they securitize, a critical part of the Dodd-Frank Act that the agencies have struggled to implement.
FGA Capital, the company formed by a joint venture between Fiat and Credit Agricole, is gearing up to sell 437.5 million of senior rated securities backed by Italian auto loans.
Santander Consumer Finance plans to sell securities backed by Finnish auto loan receivables.
Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.
Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data and possibly colored by spite?
The volume of securitization tranches that have earned the label of Prime Collateralised Securities (PCS) has topped 100 billion ($127 billion), according to a release from the eponymous organization.
RCI Banque, the financing arm for Renault Nissan Alliance, hired BNP Paribas, Societe General and HSBC to manage a 644 million ($820M) securitization of French auto loans.
This week’s webcast features highlights from ABS East: ratings shopping in CMBS, liquidity in auto bonds and more small business loan deals.
Volkswagen Leasing upsized a German auto lease securitization to 1 billion ($1.28B) from 723 million, and priced the deal this week.
Participants at the ABS East conference dont expect asset-backed securities or other kinds of structured finance to change hands online anytime soon.
Volkswagen Leasing plans to issue a 723 million ($937 million) securitization backed by German auto lease receivables.
MotoNovo Finance, a division of FirstRand Bank, plans to issue £101.3 million of securities backed by U.K. auto leases, according to a Moodys Investors Service presale. Mercedes Benz and Santander Consumer also respectively priced German and Norwegian auto loan paper.
GMAC plans a £100 million U.K. auto loan securitization, E-Carat 4, according to presale reports.
Santander Consumer Bank plans to issue 700 million ($918 million) of securities backed by Norwegian auto loan receivables under its Bilkreditt trust.
In this week’s newscast: the SEC adopts stricter disclosure requirements for RMBS, CMBS, and auto loans and leases, and RMBS, CMBS escape worst of Napa Valley earthquake.
In this week’s newscast: the SEC adopts stricter disclosure requirements for RMBS, CMBS, and auto loans and leases, and RMBS, CMBS escape worst of Napa Valley earthquake.
Mercedes Benz Bank plans to issue 800 million in securities backed by German loan receivables for cars, vans, trucks, and buses.
The Securities and Exchange Commission has adopted a rule requiring more disclosure about the quality of loans in asset-backed securities.
Bank of America Merrill Lynch has increased its forecast for issuance of bonds backed by airplane and railcar leases and timeshare loans and other non-traditional asset classes for 2014 by $5 billion to $20 billion.
On Wednesday the Securitization and Exchange Commission will consider whether to adopt rules revising the disclosure, reporting and offering process for all things asset-backed.
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