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
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The last minute decision on the part of European Union regulators to introduce a potentially devastating rule to EU securitzation regulation was greeted with disbelief by market pros last month. But sources say that there are still a number of ways the mistake can be fixed. -
Senior and subordinated bank debt spreads have been grinding relentlessly tighter again this week but, with a summer of scant supply ahead, investors can see no clear reason to shed their positions yet.
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Annualised net losses (ANL) on subprime auto loans hit 7.42% in the second quarter of 2017, with the potential to reach 10% by the end of the year, as the market share of issuers shifting towards deep subprime players increases, according to Fitch.
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The Bank of England is right to warn of increasingly lax consumer lending standards, but until it sets the UK on a path to interest rate normalization, borrowing will remain too attractive an option for consumers to ignore.
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The latest Dutch consumer deal from Qander Consumer Finance drew a crowd on Tuesday, with the €330m deal oversubscribed throughout the capital stack.
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Online consumer lender Prosper priced its second multi-seller securitization from its PMIT shelf this week, which pools riskier loans compared to its previous transaction.
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Moody's changed its outlook for collateral backing a range of UK ABS sectors to negative on Monday, citing weakening economic data and rising consumer debt as likely to impact securitization performance.
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European securitization issuance in the second quarter topped €71bn, an increase of 91% from the first quarter according to the Association for Financial Markets in Europe (AFME).
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Global macroeconomic conditions, including a rise in aircraft portfolio sales, could boost growth for aircraft ABS, industry observers said this week.
