By Kristin Broughton
Bankers are defending the industry's aggressive push into commercial real estate despite regulators' warnings about the growing risk and the potential for losses in that sector.
February 5, 2016 – First Investors Auto Owner Trust 2016-1 is 26-year old Houston finance companys 19th securitization and its 12th since the rebound in subprime new-and-used auto lending in 2011.
February 5, 2016 – PFS Financing Corp., Series 2016-A will issue two tranches of floating-rate notes: a $282 million senior tranche that benefits from credit enhancement of 10% is provisionally rated AAA by Moodys; an $18.2 million subordinate tranche is unrated.
February 5, 2016 – CLO manager CreekSource has priced its latest offering at wider-than-average spreads as it targets primarily first-lien senior secured loans with better-than-average speculative-grade ratings quality.
February 4, 2016 – Two equipment-lease securitizations were launched Thursday: a $850 million deal from CNH Industrial and a $454 million deal from GreatAmerica Financial Services Corp.
February 2, 2016 – Kevin Palmer, senior vice president of credit risk transfer at Freddie Mac, hold that the timing of transactions offloading the risk of default on mortgages is less important than what he terms reimbursement risk."
January 29, 2016 – The ongoing deterioration in crude oil prices is raising concerns that the energy sectors distress will drag down CLOs that have overweight debt exposure to exploration/production and oilfield services firms.
January 27, 2016 – The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong both legally and ethically. It's also directly counterproductive to its goal of protecting consumers.
January 25, 2016 – The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System,
January 11, 2016 – Non-traditional loan facilities offer a number of advantages over equity financing. But these structures must balance a lender's right to foreclose with a manager's ability to stay in compliance with risk retention rules.
January 4, 2016 – Raising capital has been tough for community banks ever since the financial crisis, especially the smallest ones. But a few investment firms have developed structured products that offer community banks a chance to band together to raise needed Tier 1 capital at relatively low cost.
Firm: Broadmoor Consulting LLC
In the news: Marketplace Lenders Are a Systemic Risk
Property Assessed Clean Energy loans have been available in Florida since 2010, but lending, as well as securitization of these loans, has lagged far behind California largely due to a series of lawsuits. A ruling by the Florida Supreme Court in October could change that.Current Issue