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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Santander Consumer USA priced its latest Drive subprime auto ABS offering at tight spreads on Wednesday, brushing aside some of the negative headlines around its lending practices and the declining performance of subprime car loans.
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Mercedes-Benz Bank priced its latest auto ABS offering this week, Silver Arrow 8, with the deal notching yet another record for post-crisis spreads. -
The implementation date for the European Union’s simple transparent and standardized (STS) securitization framework has been moved back to January 2019, after concerns were made by the Maltese presidency over the timeline between finalisation of the rule and its implementation.
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The container lease ABS market continued to pump out new supply this week, with Textainer Marine Containers hitting the market for the second time this year and market players forecasting strong container trade growth over the next two years.
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Bank of England governor Mark Carney’s caution on the UK economy in his Mansion House speech on Tuesday could be an early warning for the UK RMBS market that the Term Funding Scheme (TFS) won't end soon, an unwelcome development for supply starved investors.
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The application date for the ‘simple, transparent and standardised’ (STS) framework for European securitization and amendments to the capital requirements ratio (CRR) rules will be deferred until January 2019, according to sources close to the final trialogue discussions, which concluded earlier this month.
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Marketplace loan originator Marlette Funding this week priced its latest securitization on the heels of last week's breakout deals from Lending Club and Upstart.
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A UK ABS transaction backed by non-prime credit card receivables is being pitched to investors this week, as buyers closely eye tightening spreads across ABS assets and an uncertain near term economic outlook.
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Solar lending platform Mosaic is preparing to launch its second asset-backed securitization just four months after sealing its inaugural ABS offering writes Fotios Tsarouhis.
