Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
More articles
More articles
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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. -
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.
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Latitude Financial Services’ third Australian dollar credit card securitization this week offered a healthy pick up in spreads compared with other currencies, drawing a range of global investors to the deal even after currency swap costs were taken into account.
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Equipment financiers at the Investors’ Conference on Equipment Finance in New York this week encouraged investors to exercise caution when playing in a higher-yielding sector even as the market moves through what has been a remarkably benign credit environment.
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Mediobanca’s subsidiary, Futuro, made a triumphant return with its Quarzo consumer loan securitization this week after being absent from the market for three years, in a deal which brought new investors to the table.
