By Kevin Wack
Ally Financial said Tuesday that its 2017 profits will likely be dinged by rising delinquencies on subprime auto loans, as well as by falling used-car prices, two trends long predicted by observers who noted that car loans were becoming less affordable for American consumers, particularly those with poor credit scores.
March 21, 2017 – Last year, the state raised the smoking age and increased taxes on cigarettes; now it plans to issue another $618 million of bonds backed by payments it receives under the 1998 Master Settlement
March 21, 2017 – Jim Rosenthal, a former chief operating officer at Morgan Stanley, is joining the board of directors at OnDeck Capital.
March 21, 2017 – Littlejohn & Cos Wellfleet Credit Partners and mid-market corporate lender NXT Capital have each priced their first collateralized loan obligation of the year.
March 20, 2017 – Spire Partners priced the first new Euro-denominated CLO deal for March, the 348 million Aurium CLO III last week, according to a report published Monday by Moody's Investors Service.
March 20, 2017 – New issuance of collateralized loan obligations is so scarce that investors have been willing to make all kinds of concessions, in addition to prices and interest rates, to put their money to work.
March 19, 2017 – In a Q&A, CommonBond CEO David Klein discusses how an OCC charter might benefit customers by lowering the cost to run a student loan refinancing
March 12, 2017 – Loans that go bad too quickly can signal underwriting problems, but rating agencies had no way of seeing this red flag.
March 6, 2017 – Some point to warning signs, such as rising vacancy rates and falling rents, which suggest a shakeout in multifamily lending could be imminent. But others insist that the multifamily business has never been better
February 28, 2017 – Lost in the battle between banks and retailers which is being fought with renewed vigor in the early days of the Trump administration is any consideration of how caps on interchange fees have affected consumer spending patterns.
February 21, 2017 – Credit scoring modelswhether from VantageScore, FICO, or any other developer are designed to rank order consumers. Credits scoresthe outputs of those models are not designed to predict a fixed level of risk.
February 19, 2017 – Increasingly, these transactions are being structured to give lessors more flexibility in terms of both the types of collateral and the ability to actively trade aircraft. As a result, transactions more accurately reflect lesssors fleets
February 17, 2017 – U.S. dollar denominated issuance by Canadian card companies has been rising for three years, and shows no signs of stopping, thanks to cheaper funding costs and increasing comfort levels of buyers south of the border.
Treasurer, Head of Asset Management
Firm: NewStar Financial
Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.Current Issue