Latest news
Latest news
Blackstone is also marketing the first public CMBS since July
Ravi Anand and Amany Attia depart UK lender
Sponsors also inject $35m of equity
More articles
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Sunnova is entering the ABS market with a deal backed by residential consumer solar loans, shortly after Loanpal made its return. With yields still at all time lows, solar securitizations have appealed to investors and traders for their high returns, and a transaction structure that looks more like a mortgage product than an esoteric ABS. -
Private-equity backed Auxmoney, the largest credit marketplace in Continental Europe, is planning to originate its own equity for consumer loans with the help of BNP Paribas, setting the firm on track to potentially securitize its assets.
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Marketplace lender Upstart announced its plans to go public, leveraging its recent success in bringing the company to profitability in the fourth quarter of 2019. However, sources say a competitive marketplace and a reliance on a handful of bank partnerships will pose challenges for the company.
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The European Parliament voted on Tuesday to pass a package of amendments to the securitization framework aimed at freeing up bank balance sheets and increasing lending to the real economy. The so-called "quick fixes" were left largely unchanged, helping the proposals push quickly on to the trilogue process.
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Fintechs and mortgage lenders are eyeing the incoming administration with trepidation, as president-elect Joe Biden is likely to switch out the leadership of key agencies. While there won’t be drastic changes coming out of Congress, the president has power to remove single agency heads without cause, following a recent decision by the Supreme Court.
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Capital markets cheered the victory of president elect Joe Biden on Saturday, hopeful his presidency will prove more predictable than the four years of the Trump administration. As the US grapples with a resurgence of Covid-19 infections, sources say they are optimistic that Biden will provide more concrete plans to guide the nation through the pandemic.
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Trinity returned to the securitization market with back to back deals for the first time this year. Sources say the railcar sector will likely benefit under a Joe Biden administration as they believe the Democratic candidate will soothe trade war tensions with China and boost global trade.
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Alpha Bank has received two binding bids for the sale of an NPL portfolio worth around €10.6bn, closing the securitization process via Greece's Hercules guarantee scheme and cleaning its balance sheet to make way for new lending.
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US securitization players say they were surprised and disappointed that a Democratic “blue wave” failed to materialize as the results of Tuesday's election rolled in. With Republicans looking likely to hold the Senate and Democrats holding the House, market participants are anxiously expecting a smaller and delayed Covid-19 stimulus package regardless of who wins the presidency.
