Sep 30, 2016 – The private student loan market is dominated by large players, but some community banks are turning to a third-party tech company to help them get in the game.
Sep 30, 2016 – Securitized subprime auto loan losses surged 27% on an annualized basis August, putting the sector on a path to approach post-crisis record loss levels by year’s end.
Sep 30, 2016 – Similar to Sallie Mae’s recent deals, the collateral consists entirely of what Sallie Mae categorizes as “traditional loans" - those to borrowers with an original FICO score of at least 640 if he or she attended a non-profit school.
Sep 30, 2016 – Issuance volume of asset-backed securities for the year through September 30, 2016.
Sep 30, 2016 – Asset-backed securities that priced in the two weeks ended September 30, 2016.
Sep 30, 2016 – Underwriting league tables for asset-backed securities for the year through September 30, 2016.
Sep 29, 2016 – Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.
Sep 29, 2016 – The deal, NextGear's second of they year, is backed by funds advances to dealers to purchase primarily motor vehicle dealers of any new or used automobile, sport-utility vehicle van, minivan or light-duty truck for retail or wholesale use.
Sep 29, 2016 – BMW Vehicle Lease Trust 2016-2, is backed by leases to prime quality borrowers, according to Standard & Poor’s; it will issue four senior tranches that benefit from initial credit enhancement of 15.9%:.
Sep 29, 2016 – Santander Drive Auto Receivables Trust (SDART) 2016-3 consists of $1.178 billion in new and used vehicle loans originated or acquired by Santander Consumer USA, with a potential upsizing in the works. Exeter's third deal of the year is sized at $450 million in notes, backed by $471.2 million in subprime loans.
Sep 29, 2016 – The Wall Street firm believes that its gold-plated brand will help attract middle-class borrowers.
Sep 28, 2016 – Royal Bank of Scotland Group agreed to pay $1.1 billion to settle the first of three major U.S. mortgage-backed securities probes the bank must overcome before it can resume dividend payments.
Sep 28, 2016 – The new deal structured by the General Motors Financial Co. subsidiary includes more loans to borrowers with 600-plus FICO scores as well as to those populating the higher end of AmeriCredit’s internal scoring tables. AMCAR also features slightly fewer loans over 60 months, and a higher weighted average APR.
Sep 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
Sep 28, 2016 – U.S. Bank has hired James Ferguson to lead global strategies and product development for its securities services division.
Treasurer, Head of Asset Management
Firm: NewStar Financial
The $1.17 billion deal follows a year’s worth of management deliberations over issuing asset-backeds, which Verizon expects to lower the cost of financing device payment-plan agreements.The deal will also ease pressure on the carrier's own corporate credit ratings.Current Issue