Consumer ABS


What Risk Retention Means for CMBS, Autos, CLOs

Risky mortgage lending may have triggered the financial crisis, but final risk retention rules go much easier on mortgages than securitizations of other kinds of assets.

Eaglewood Issues 2nd P2P Securitization

The $75M deal comes after Eaglewood Capital Management's debut of P2P personal loans, issued October 2013 for $53M and upsized by another $47M last May.

Fifth Third Ups Long-Term Auto Loans in Latest ABS

Over 77% of the collateral backing Fifth Third's latest securitization consists of loans with terms beyond five years, compared to 73% in last deal and 71% in the one before that.

More Long-Term Loans in World Omni's Next Auto ABS

Nearly three-quarters of the loans serving as collateral have original terms of more than 60 months, the most every for a World Omni deal, according to Fitch Ratings.

Volkswagen Plans German Auto Loan ABS

Private Driver 2014-4 UG will issue €691M ($883M) of ‘AAA’ rated securities and €22.8 million of ‘A+’ securities.



Reg AB II Returns from Limbo

Regulation AB governs registration, reporting and disclosure requirements for all things asset-backed. The Securities and Exchange Commission appears to be ready to update it significantly, but, nearly four years after changes were originally proposed, it’s not clear exactly what the Commission will do.

Student Loan Market Headed for Crisis, CFPB Warns

The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureau’s top official in charge of dealing with student loans.

Finra Files Proposal to Disseminate Price Data

The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.

Fitch: External Factors Biggest Threat in 2014

Overall issuance growth will moderate in 2014, Fitch Ratings' managing director for asset backed securities says in the firm's outlook.

How Big Box Bankruptcies Would Impact CMBS

Direct exposure to either J.C. Penney or Sears is typically highest in seasoned deals where there are only a small number of loans remaining, and one is secured by a retail property.


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Single-Family Rental Giants Branch Out

Single-family rental giants are financing smaller players, setting the stage for a new wave of issuance.

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