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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Online personal loan platform Upstart is the newest entrant to the marketplace loan ABS pipeline.
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Global New Energy Finance laid out ambitious plans to bring the property assessed clean energy (PACE) loan market to Europe on Tuesday, with managing director Davide Cannarozzi telling Global ABS delegates in Barcelona that the firm was aiming to launch PACE programmes in four European cities in 2020.
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Changes to Solvency II meant to encourage insurers to invest in ABS may come be too late given the dramatic drop in market participation in the past few years, speakers said on a panel on day one of Global ABS.
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Attorneys general from 18 states called upon US Department of Education secretary Betsy DeVos on Monday in a letter to stop delaying student loan forgiveness for borrowers victimised by fraudulent for-profit colleges.
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Investors are beginning to show hesitance around subprime auto ABS as cracks begin to show in the sector.
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UK buy-to-let deal Oat Hill No.1 and a pair of European CLOs were priced on Friday, as market participants prepared to descend on Barcelona for Global ABS, which kicks off Tuesday.
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Domino’s Pizza is preparing to serve up a $2bn whole business ABS transaction, the largest such deal to enter the increasingly crowded esoteric securitization market in 2017.
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UniCredit’s flagship non-perfoming loan (NPL) sale, Project Fino — which stands for “failure is not an option” — will only raise 40% of its cash up front, with UniCredit granting Pimco and Fortress, the buyers of the €17.7bn portfolio, more than three years to pay the rest.
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The European securitization industry’s “simple, transparent and standardised” regulatory framework has finally been pushed through, with industry practitioners as well as supportive bureaucrats in Brussels saying it will help boost the flow of lending to Europe’s small and medium enterprises (SMEs). Time will tell if those businesses actually feel the benefit.