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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Once again, fintech was a hot topic at the annual ABS East conference in Miami Beach last month. But unlike in the past, the focus was not on the newest trend among marketplace lenders or payments companies, which are looking more like run of the mill banking institutions, but on how technology will enhance, digitize and eventually automate financial services. -
The decision to strip AIG of its designation as a systemically important financial institution (Sifi) says more about the arbitrary and confusing nature of the Sifi designation process, rather than the American insurance giant’s importance in the US financial system.
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Online lender SoFi is in the market with a new deal backed by refinanced student loans, as the company continues to deal with the departure of senior executives and allegations of misconduct which dented demand for its previous transaction.
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Dividend Solar priced its first solar ABS transaction at the end of last week, as market chatter around the asset class increases on the back of rumors of more issuance during last month’s ABS East industry conference.
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Socram Banque has begun marketing the second French auto ABS deal of 2017.
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UK credit card provider NewDay has mandated a credit card securitization from its NewDay Partnership Funding Master Trust, its second ABS transaction of the year.
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Sources close to the EU commission have told GlobalCapital that work is being done to fix the unintentional ban on self-certified loans in European ABS portfolios as part of the wider regulatory framework for European securitization.
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Corporate and bank issuers are taking up the SRI bond gauntlet, providing the market with the kind of names that have long been the goal of its biggest cheerleaders.
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Responsible investing — and green and social bonds in particular — are still not a mass market among US investors. But the fund managers leading the charge are optimistic: consciousness has moved a long way in a few years.
