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
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Solar finance company Mosaic is preparing to issue its first securitization of 2018. -
European ABS investors absorbed a strong wave of supply in the first quarter, as issuers sold €25.3bn of bonds, a 74% increase in deal volume compared to the first quarter of 2017, according to Rabobank analysts.
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The UK's political and financial classes are battered and tossed by Brexit. All the more reason why they should keep their sights on what will ultimately be a bigger issue: how to make finance sustainable.
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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.
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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.
