Latest news
Latest news
ABS market not the cheapest cost of financing for issuer of first ever trade in the asset class
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
Trade follows the end of a joint venture to originate loans
More articles
More articles
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Issuers’ confidence in limitless demand for ABS has been dented somewhat, as buyers pushed back on two sterling deals to widen pricing from initial guidance this month. -
Marketplace loan ABS investors are showing a higher tolerance for risk, flocking to recent marketplace loan securitizations which are increasingly backed by a higher proportion of risky loans and structured with deeper capital stacks.
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The European Parliament gave final approval to new common rules for securitization in the European Union on Thursday, in addition to finalising the simple, transparent and standardised (STS) securitization framework.
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United Airlines was selling the ‘B’ notes of an enhanced equipment trust certificate (EETC) offering to fund the purchase of 18 aircraft early this week, as investor demand for aircraft ABS continued to heat up.
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The senior class of P2P Global Investments’ MOCA 2017-1 UK marketplace loan ABS transaction was priced at the wide end of guidance, though the final spreads further down the capital stack pointed to a strong execution for the deal.
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Jewellery retailer Signet Jewelers is outsourcing the servicing of its subprime loan portfolio to Genesis Financial Solutions, as part of a broader plan to trim its balance sheet.
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The European Parliament on Thursday is expected to give the stamp of approval to common rules for European securitization, in addition to giving final approval to the 'simple, transparent and standardised' (STS) securitization framework.
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Subprime auto ABS deals, especially from “deep subprime” lenders, are anticipated to form a larger percentage of overall auto ABS, as issuers take advantage of cheap funding and prime auto lenders pull back.
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SolarCity is readying its second solar ABS transaction of 2017, a $340m deal backed by residential rooftop solar leases and power purchase agreements (PPAs).
