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 City Of New York is marketing a rare $68m tax lien transaction, as part of its annual run to the securitization market. -
Darien Rowayton Bank (DRB) priced a new student loan refinancing offering, Laurel Road Prime Student Loan Trust 2017-B, on July 26.
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Activity is dwindling in the European ABS market as the summer draws on, but investors still have opportunities to buy off the run deals with a rare Swiss franc denominated Austrian CMBS deal and a Spanish credit card deal being marketed this week.
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Willis Lease Finance Corp. is returning to the ABS market with a transaction backed by aircraft engine operating leases, the first securitization from the company in five years.
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A federal judge dismissed a trio of lawsuits this week accusing Property Assessed Clean Energy (PACE) lender Renovate America and its government bond-issuing partners of violating the Truth in Lending Act (TILA) and Home Ownership and Equity Protection Act (HOEPA).
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“What were they thinking?” cried the European ABS market this week as the full impact of what originally seemed like an innocuous ban on an already illegal mortgage product became clear.
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European authorities' last minute change to regulatory proposals for European securitizations has the potential to cripple the supply of MBS backed by legacy mortgages by banning any European transaction that contains what regulators classify as self-certified loans. Sam Kerr reports.
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Beyond recent headlines around missing paperwork on $5bn worth of delinquent private student loans, ongoing legal tussles between several National Collegiate Student Loan Trust (NCSLT) transaction parties do not bode well for at least 15 outstanding ABS.
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Barclays is hopping on the Property Assessed Clean Energy (PACE) bandwagon, acting as an underwriter for Renovate America’s latest residential PACE deal.
