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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Acting Comptroller of the Currency Keith Noreika warned in a Monday speech of the rising delinquency rates for unsecured consumer loans originated by marketplace lenders, and called on Congress to take a stance on the Madden versus Midland case. -
BMW Bank has become the latest German auto issuer to break post crisis ABS tights with its most recent Bavarian Sky deal.
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Despite its noble intentions, the UK Labour Party’s plan to limit the total amount of interest and charges which credit card lenders can charge will cut access to credit and limit the flexibility for borrowers.
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Global Jet Capital, a private aircraft financier, is looking to issue its first securitization backed by a portfolio of aircraft leases and loans, following an acquisition of corporate aircraft loans from GE Capital in 2015.
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National Collegiate Student Loan Trust (NCSLT), a private student loan trust, could see a swathe of downgrades from Fitch across at least 12 ABS transactions, following a proposed consent judgment filed by the Consumer Financial Protection Bureau (CFPB) last week.
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A pledge by the Labour Party’s shadow chancellor John McDonnell to limit credit card interest payments poses a threat to credit card lenders and to investors in UK credit card ABS.
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Bank of the West is in the market with a prime auto deal that pools riskier loans compared to its previous transactions.
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The devastating earthquake that hit Mexico this week could well mean a pay-out from a World Bank catastrophe bond issued in early August that provided the country with insurance protection against such a disaster. But Mexico’s chosen structure for the bond means that any cash payment is unlikely to be made for at least 30 days, while more data is collected.
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Ford sold its latest German auto ABS transaction this week, as spreads on European paper continue to hover at post-crisis tights.
