Latest news
Latest news
Aviation loan ABS senior spread at 105bp over
Cash SRT pipeline fires up earlier than usual
A new European data centre sponsor, Dutch buy-to-let back in business, CLO equity squeezed and a Bitcoin backed deal
More articles
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Online small business lender OnDeck is back in the market with an ABS after a two year absence as it seeks to counter the higher cost of holding loans on balance sheet in a rising interest rate market.
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Online lender Upstart is the latest marketplace loan company to broaden the risk profile of its ABS, announcing a deal this week that offers more subordinate bonds and is backed by a higher proportion of longer-term loans. -
PACEfunding, a California-based residential Property Assessed Clean Energy (PACE) finance firm, closed its debut securitization this week. The company has plans to launch a second offering later this year.
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Online consumer lender loanDepot is in the market with its first prime jumbo mortgage transaction, bringing a new face to the roster of issuers in a sector that has seen only sporadic activity in recent years.
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Citi revealed its national digital banking strategy on Monday, with a goal of digitising its consumer banking business across lending, payments, investment and credit cards.
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Analysts at Bank of America Merrill Lynch turned the spotlight on subprime personal loans in its latest research note, saying that higher rates and increased funding costs could be problematic for subprime issuers. It is the second warning on the consumer lending sector from the bank this month.
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JP Morgan has relocated a London-based senior ABS syndicate banker to Hong Kong.
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Prosper is the latest online lender to structure its securitization with more subordinate paper, as issuers move to respond to investor demand for higher yielding, short-dated paper.
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Online student loan refinancing company CommonBond is looking for a capital markets director as it broadens the range of its structured product offerings.
