By Kristin Broughton
Santander Consumer USA Holdings isn't backing off of its aggressive play for borrowers with blemished credit, even as the company's auto lending practices remain under intense scrutiny from regulators
July 31, 2015 – Once it resumes purchasing mortgage servicing rights, Ocwen plans to partner with New Residential to either finance related advances, similar to the arrangement the company with its Home Loan Servicing Solutions affiliate.
July 30, 2015 – CarMax has slightly increased the number of loans with terms greater than 60 month to 58.8% from 57.4% in the 2015-2 deal.
July 30, 2015 – AmeriCredit Automobile Receivables Trust 2015-3 will issue three tranches with preliminary AAA rating from Fitch Rating that benefit from credit enhancement of 34.7%.
July 30, 2015 – Duke anticipates that the bonds will have triple-A ratings from at least two nationally recognized rating agencies. It expects to offer them to investors via a public offering.
July 23, 2015 – Marketplace lenders see the agency's interest, which appears to stem largely from a belief in the industry's innovative promise, as validation for a sector that barely existed just a few years ago.
July 21, 2015 – A venture between Goldman Sachs, Swiss Re, RME, The Rockefeller Foundation and consultancy re:focus partners is searching for a way to structure a cat-like bond for infrastructure thats designed to make cities more resilient to natural catastrophes.
July 21, 2015 – SunEdison is buying Vivint Solar. Its plans for the second largest solar developer mean securitization is definitely not the cards.
July 20, 2015 – It provides limited relief from risk retention rules for pre-2015 vintage CLO notes that are refinanced after December 2016.
July 8, 2015 – Ford Motor Co. recently announced a pilot program with Getaround, a tech company whose mobile app enables city dwellers to rent out their cars by the hour.
July 6, 2015 – Taxpayers arent the only ones on the hook when Uncle Sam gives borrowers more time to pay off their student loans; investors in student-loan backed securities are also paying a price.
July 6, 2015 – The Federal Housing Finance Agency wants to exclude mortgage real estate investment trusts from membership in the Federal Home Loan Banks. That would be a major setback for the entry-level borrowers who depend on mortgage REITs for sustainable home-financing options.
Firm: 3i Debt Management
Tax credits complicate the solar industry’s ability to attract capital markets investors. Here’s what’s being done about it.Current Issue