Securitization - US Archive

  • Post-Covid SME loans set to see lower losses

    Small business lenders may see fewer credit losses on their post-Covid SME loans, thanks to a big tightening in underwriting standards in the wake of the pandemic, said investors speaking on a panel at ABS East Virtual 2020.

  • ESG, Libor shift to accelerate despite govt split

    ESG, Libor shift to accelerate despite govt split

    With Joe Biden as president, and a split Congress, the prospect of sweeping progressive change and a comprehensive stimulus package has been dampened. However, the market expects to see substantial progress on the environmental, social and governance (ESG) front and Libor transition, despite the deep divide in government.

  • Hertz returns with $4bn ABS to climb out of bankruptcy

    Hertz returns with $4bn ABS to climb out of bankruptcy

    Hertz is returning to the ABS market for the first time since it filed for bankruptcy in March. The rental car company is revving up for a $4bn delayed draw securitization, a stepping stone towards longer-term ABS deals it hopes to issue next year, sources said.

  • Student loan relief leaves market worried

    Student loan relief leaves market worried

    Student loan forgiveness has been one of the main pillars of US president-elect Joe Biden’s election campaign, worrying student loan securitization specialists in the sector since early this year. With Democrat Biden’s inauguration around the corner, market participants are scrambling to prepare for new regulations that could impact their student loan ABS investments.

  • Record low rates to boost RMBS issuance in 2021

    Record low rates to boost RMBS issuance in 2021

    The RMBS market is expected to see more issuance in 2021, boosted by all-time lows in mortgage rates and a faster dealmaking process enabled by technology borne out of the pandemic.

  • Calabria pushes pedal on GSE reform before Biden takes office

    Calabria pushes pedal on GSE reform before Biden takes office

    The Federal Housing Finance Agency (FHFA) issued its final capital rule on Wednesday, mandating more capital for Fannie Mae and Freddie Mac to ensure they exit conservatorship on a ‘sound capital footing’. The agency’s progress towards privatisation could be limited by the likelihood that President-elect Joe Biden will switch out FHFA boss Mark Calabria for a Democratic pick.

  • Burger chain cooks up whole biz ABS

    Burger chain cooks up whole biz ABS

    Fast food franchise company CKE Restaurants Holdings priced a $400m whole business securitization several points tighter than initial pricing thoughts. With Roark Capital as its sponsor, the transaction stands out among other brands for its reliable performance and name value, sources say.

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