By Kristin Broughton
Santander Consumer USA Holdings plans to increase lending to consumers with solid credit scores after being squeezed by higher losses on its subprime auto book.
February 23, 2017 – The Initiative is designed to boost the quality and transparency of these deals, which offer an alternative way for European banks to free up capital for more lending.
February 22, 2017 – This bank is holding on to $31.7 million of the notes to be issued in the $634.9 million conduit transaction in order to comply with risk retention rules, according to rating agency presale reports.
February 22, 2017 – The deal will bring CLO asset at Madison Captal, a unit of New York Life Insurance Co. to $710 million, according to Standard & Poor's. The firms total assets under management are $8 billion.
February 22, 2017 – The collateral for the £750 million deal consists of 43,487 leases, primarily to consumers, for new and used Audi, Volkswagen and Skoda vehicles, according to Moody's Investors Service.
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.
February 6, 2017 – Even as the Trump Administration moves to loosen regulation, commercial mortgage bonds are enjoying a different kind of relief: Investors like risk retention so much they're willing to pay up for it.
February 2, 2017 – A federal appeals court ruling has opened the door for litigants to challenge a 2012 decision by the U.S. government to sweep all of Fannie Mae and Freddie Mac's profits into the coffers of the Treasury Department
January 30, 2017 – The deal is the latest in a series of large servicing acquisitions by the publicly traded New Residential Investment Corp; the New York-based nonbank will pay approximately $950 million and $32 million for Citi's mortgage servicing rights and related advances, respectively.
January 30, 2017 – Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.
January 23, 2017 – Like the refinancing that managers raced to complete before Dec. 24, 2016, this activity is driven by a desire to avoid retaining skin in the game. But this time, managers are taking advantage of a narrow exemption spelled out 18 months ago in a "no-action" letter from the SEC.
Treasurer, Head of Asset Management
Firm: NewStar Financial
It's unclear how the new political environment will affect the platform's viability or how investors will view the securities issued on it. The next year could determine the project's success and role reshaping the secondary mortgage market.Current Issue