Latest news
Latest news
French bank is marketing the only two deals in ABS primary
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
More articles
More articles
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A US Consumer Financial Protection Bureau (CFPB) lawsuit filed against a student loan servicer has highlighted the bureau's importance just as Donald Trump gets to grips with a presidency many predict will shrink regulators’ powers. Meanwhile, writes Sasha Padbidri, the suit exposes deep flaws in student loan servicing which could affect the ABS market. -
Chenavari’s Toro Limited fund, which targets European ABS and invests in the private equity firm’s European CLO business, is accelerating its rotation away from public ABS in favour of higher yielding private transactions.
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The Bank of Montreal priced a dollar-denominated credit card securitization on Wednesday, with deal watchers saying they expect the market for cross-border ABS transactions to flourish in 2017.
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Fleet management solutions provider LeasePlan has mandated leads for its first UK auto lease ABS deal in five years.
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SolarCity has announced a $145m solar ABS transaction, the second such deal of 2017, which puts the first month of the year on par with primary activity in all of 2016.
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SoFi priced the first marketplace loan ABS deal of 2017 late last week to heavy investor demand, as appetite for consumer ABS outpaces supply in January.
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UK-based loan servicer Mount Street has bought EAA Portfolio Advisers, along with its contract to manage a €29bn loan and ABS portfolio of former WestLB assets, more than doubling the servicer’s assets under management.
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The Consumer Financial Protection Bureau (CFPB) announced on Wednesday that it is suing student loan servicer Navient for “systematically and illegally” failing borrowers by creating obstacles to loan repayment.
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California-based solar finance company Mosaic is preparing to hit the ABS primary market with an offering backed by loans on residential rooftop solar systems, the first such transaction since early 2016.
