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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The latest Dutch consumer deal from Qander Consumer Finance drew a crowd on Tuesday, with the €330m deal oversubscribed throughout the capital stack. -
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.
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Chenavari owned Qander Consumer Finance is close to pricing its second Dutch consumer loan deal, with the firm expected to lock in funding at less than half the cost of its last outing to the ABS market.
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Whole business ABS, which saw a crowded pipeline the first half of the year, is set to continue a strong run as franchises shift from corporate bonds to securitization for better ratings and a broader buyer base.
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Student loan servicer Nelnet priced a Federal Family Education Loan Program (FFELP) securitization to new tights on Tuesday, reflecting strong demand for the bonds despite headwinds in the sector.
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Acting Comptroller of the Currency Keith Noreika’s support of granting national bank charters to fintech companies is positive for the industry, but until the OCC actually provides clear and specific guidelines, the banking charter for fintech firms is a pipe dream.
