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Rating agency explains reasons for cap
Opinion: Amid investment boom, S&P stoically maintains its position
Deal only included loans that were outside the scope of the FCA's redress scheme
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Container lease ABS could see some new faces from the buyside this year given increased use of time tranching and lower leverage in some new deals deals, as well as improved economic fundamentals, said panellists on day four of SFIG Vegas.
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CleanFund Commercial Capital is on track to issue its debut commercial Property Assessed Clean Energy (PACE) securitization in either April or May, according to sources at the SFIG conference at Las Vegas.
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Comptroller of the Currency Joseph Otting said that banks need to get back into the small ticket consumer lending business in order to expand access to credit for a huge swathe of underserved consumers.
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The profitability of credit card lenders is expected to take a hit following the introduction of new rules by the UK Financial Conduct Authority requiring lenders to help customers with persistent debt problems. The decision could have negative repercussions for sub-prime UK credit card securitizations.
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Cuts to trading capital requirements for securitizations would be welcomed by dealers, but are unlikely to result in big boosts to balance sheet commitments, according to securitization pros at SFIG Vegas 2018 on Monday.
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The online lending sector is anticipating a swell in deal volume this year, but market participants speaking with GlobalCapital are raising the alarm on increasing consumer leverage and deteriorating loan quality.
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Solar securitization experts on a panel at the SFIG Vegas 2018 conference on Monday observed that they are beginning to see ‘more and more similarities’ between the solar market and marketplace lending ABS, with some market participants starting to see the benefits of self-sponsored securitizations.
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Citi is eyeing the launch of an online consumer lending service similar to Goldman Sachs’ Marcus platform, according to sources speaking with GlobalCapital at the SFIG Vegas conference.
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If the FHFA publishes its ‘conservatorship capital framework’, its secret rules for monitoring the health of the government sponsored enterprises as some members of Congress want, sources say that it could kick start the private risk transfer market for banks, which has been moribund since JP Morgan failed to gain full regulatory support for its risk transfer RMBS program in 2016.