By Andy Peters
Amid shrinking yields, rising delinquencies and repeated warnings from regulators about frothy market conditions, several banks said on earnings calls that they plan to scale back or hold the line on indirect auto lending
October 25, 2016 – Standard & Poors expects to assign B- and B ratings to the Series 2016-II class 3 and 4 notes, respectively, which cover losses in all 50 states and the District of Columbia from tropical cyclones, earthquakes, and other natural disasters.
October 26, 2016 – The deal through the Retail Consumer GP Germany trust includes 975 million in Class A notes with a provisional AAA structured finance rating from Standard & Poors, backed by receivables from consumer loans originated by CreditPlus Bank AG in Germany.
October 26, 2016 – CVCRE 2016-6 will issue tranches of super-senior class A notes tranches and three subordinate classes. The senior A notes have a preliminary triple-A rating structured finance rating from Morningstar and Fitch Ratings.
October 25, 2016 – While the company provides both loans and leases, the collateral pool for this transaction is represented exclusively by loans. The deal includes a three-month prefunding period during which $30 million of the $298 million of collateral will be aqcuired
October 25, 2016 – The San Francisco-based online lender, which grew rapidly by refinancing Americans' credit card debt, now plans to make a similar pitch to consumers who have car loans.
October 21, 2016 – The wireless carrier, though only rated single-B, has more leeway from existing investors to enter into a transaction like this than even some investment-grade companies, according to Covenant Review.
October 20, 2016 – While attention has focused on the DC Circuit's holding that the CFPBs organizational structure is unconstitutional, the court made two other critical rulings that put a stop to the CFPBs aggressive exercise of its enforcement authority.
October 13, 2016 – The Florida Public Service Commission, which oversees the state's utilities, wants credit rating agencies to stop identifying a type of bond issued by those companies as "structured finance." The "sf" designation is undeserved and has increased utilities' borrowing costs, the regulator argues.
October 13, 2016 – Goldman Sachs' newly launched consumer lending website is aimed at some of the very same customers that big banks and marketplace lenders covet, yet there are plenty of questions about its business plan, its ability to manage credit risk and the prospects of online lenders in general.
October 12, 2016 – The wireless carrier is entering into a sale-and-leaseback transaction for a portfolio of spectrum licenses granted by the U.S. government; proceeds of up to $7 billion will provide it with enough capital to fund operations and meet high yield debt maturities over the next few quarters.
October 4, 2016 – More than $200 billion of the most poorly underwritten commercial mortgages originated before the financial crisis come due this year and next, many of them still underwater.
September 28, 2016 – Marketplace lenders' share of the consumer and small-business loan markets is small now, but is expected to grow substantially in the coming years. Banks looking to get in on the action have two choices: team up with these established players that have already perfected the technology or try to beat them at their own game
September 27, 2016 – The unprecedented scope approximately 34 million vehicles from numerous manufacturers are affected has resulted in a scarcity of replacement parts. This makes it difficult for remarket cars that are repossessed or returned at the end of a lease
September 22, 2016 – Both government sponsored enterprises discount the interest rates on loans for buildings with one of several green certifications; they also underwrite some of the projected savings from upgrades on buildings of a certain age, allowing owners to take out bigger loans.
Treasurer, Head of Asset Management
Firm: NewStar Financial
More than $200 billion of the most poorly underwritten commercial mortgages originated before the financial crisis come due this year and next, many of them still underwater.Current Issue