Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
More articles
More articles
-
Fast food franchise company CKE Restaurants Holdings priced a $400m whole business securitization several points tighter than initial pricing thoughts. With Roark Capital as its sponsor, the transaction stands out among other brands for its reliable performance and name value, sources say. -
The aircraft ABS market saw spreads tightening by as much as 75bp last week, driven by optimism over coronavirus vaccines, and spreads are continuing to benefit from the hope that travel will soon recommence. Despite the market’s positive reaction, sources caution that the tightening could be short-lived, as it will take longer than anticipated to see collateral performance fully recover to pre-pandemic levels.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
