Private Student Lenders Got a Huge Boost from Trump's Victory

By Kevin Wack

No corner of the banking industry has gotten a bigger near-term boost from Donald Trump's election than private student lenders. And that's saying something.

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Latest News

CLO Risk Retention Deadline Rush Gaining Full Steam

– A whopping 15 U.S. CLO deals priced in the first week of December, pushing issuance levels above 2015 activity as managers push to complete collateralized loan transactions before the onset of risk-retention requirements.

GSE Risk-Sharing Deals Would Be Boosted Under New Bipartisan Bill

– A bipartisan duo of House lawmakers introduced a bill Thursday that would push Fannie Mae and Freddie Mac to engage in more credit risk-sharing transactions.

Latest RMBS Fix: Better Bondholder Communication

– One of latest proposals for reviving the private-label residential mortgage market involves improving communications between issuers and investors. Still up for discussion: how to pay for it.

GSEs Moving Closer to Issuing Single Mortgage Security

– Development on the Common Securitization Platform has reached a point where Fannie Mae and Freddie Mac may be able to issue a uniform mortgage-backed security sometime in 2018.


Featured Articles

In Support of CLO Risk Retention, If Not the Rule Itself

– While requiring managers to hold 5% of the risk in their deals may be “overkill,” John Thacker of Crestline Denali Capital, sees merit in aligning the firm's interest with those of its clients.

Critics Predict More Woes for Subprime Business Lenders

– The recent shake-up at CAN Capital could spark greater scrutiny of a sector that has drawn comparisons to the bubble-era subprime mortgage market.

Warning Signs in Structured Finance Growing Stronger

– A picture of consistency for several years now, U.S. structured finance is once again set for mostly stable rating performance in 2017. That said, asset performance has peaked in many sectors with modest declines expected over the course of next year.

CMBS Investors Slowly Embracing PACE Financing

– Unlke the residential mortgage market, owners of commercial property typically seek a mortgage lender's consent before obtaining financing for energy efficiency upgrades.

Trump Gives Structured Finance Pros Their Best Shot at Rolling Back Dodd-Frank

– Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.

Wall Street Falling in Love with GSE Credit-Risk Transfer Deals

– "It is one of the most exciting innovations in the mortgage market in my career," said Chris Hentemann, chief investment officer at 400 Capital Management, at an Urban Institute housing finance symposium this week.


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Current Issue

What’s So Unusual about Sprint’s Airwaves Securitization … and Why No One Else is Likely to Follow Suit

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.

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