Securitization - US Archive

  • Oportun returns with unsecured consumer ABS

    Oportun returns with unsecured consumer ABS

    Unsecured consumer lender Oportun, known to primarily serve customers with less access to traditional banking services including low income and immigrant communities, is returning to the securitization market. It is the first deal from the issuer since coming under fire for filing more lawsuits than any other personal loan company in California and Texas.

  • Investors flock to first aircraft ABS since Covid outbreak

    Investors flock to first aircraft ABS since Covid outbreak

    Global Jet Capital priced the first aircraft ABS deal since the pandemic, testing the waters with a unique deal backed by diversified and newer business jets linked to high net worth individuals. Although the transaction was well received by investors, it will still be some time before more conventional aircraft deals see demand rebound.

  • Pimco, GECAS launch aircraft investment platform

    Pimco, GECAS launch aircraft investment platform

    Pimco is teaming up with GE Capital Aviation Services (GECAS) to create an aircraft leasing investment platform to support up to $3bn in aircraft asset financing. Sources say it will provide a new funding option and inject liquidity into the aviation industry at a time when it is badly needed.

  • Peer to peer lending sunsets as pandemic strains model

    Peer to peer lending sunsets as pandemic strains model

    The peer to peer lending model may be nearing the end of its lifecycle, signalled by LendingClub’s announcement that it would shutter its retail investor platform. With heightened regulatory risk and disappointing returns compared with securitization or whole loan sales, sources say the demise of peer to peer lending is becoming inevitable.

  • C-PACE lender bolsters New York team to support growing demand

    C-PACE lender bolsters New York team to support growing demand

    Petros PACE Finance, a commercial property-assessed clean energy lender, added Jerry Ellis to the business development team in its New York office. The move comes ahead of New York's expected approval of the C-PACE bill, enabling commercial property owners to tap PACE financing for new construction projects.

  • Wingstop sets record for lowest yield in whole biz ABS

    Wingstop sets record for lowest yield in whole biz ABS

    Restaurant chain Wingstop has priced its latest ABS offering to yield 2.85%, making it the first ever whole business securitization to be printed with a two handle, with market watchers crediting tight ABS supply and Wingstop’s strong credit story.

  • Balboa enters small ticket equipment ABS in cusp of recovery

    Balboa enters small ticket equipment ABS in cusp of recovery

    Equipment lender Balboa Capital is tapping the securitization market for the first time this year, riding the improving macro conditions and stable demand for equipment. However, sources say the small ticket sector is still performing poorly compared with other sectors of the equipment finance market.

  • US Congress inaction to hurt consumer ABS performance

    US Congress inaction to hurt consumer ABS performance

    Consumer ABS performance is expected to slide as Congress negotiations for the next Coronavirus Aid, Relief, and Economic Security (CARES) Act remain in limbo. Sectors such as auto and credit card ABS may see more obligors previously shielded by government support falling into late stage delinquencies, sources said.

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