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WEBFederal Reserve Gov. Michelle Bowman said a lack of banking experience among regulatory officials has led to unintended consequences. She flagged mergers, fintech partnerships and liquidity proposals as prime examples. Stay up-to-date with Asset Securitization Report's news analysis and data on deals …
ABS - Asset Securitization Report
WEBUSAA prepares to float about $1 billion in auto ABS notes. Moody's says it expects a 0.60% loss on the 2024-A pool, with a 3.0% loss at the Aaa stress, and the notes have legal final maturity dates ranging from July 15, 2025 through …
Westlake Automobile Receivables floats $1.1 billion in auto ABS
WEB2 hours ago — The collateral has subprime credit attributes, the credit quality of the Westlake 2024-3 pool was incrementally better than the 2024-2 transaction, and notably better than the 2023-4 deal.
Credit card portfolios see higher charge-offs, delinquencies
WEBSep 24, 2024 — Beyond the surface, however, the quality of credit card asset-backed securities is still strong, according to analysts. Average rates for credit card charge-offs increased by 23.7% in the second quarter, versus the same period a year ago. Delinquencies also increased, hitting 1.46% by June 2024, analysts at Moody's Ratings wrote in a sector update.
About us - Asset Securitization Report
WEBAbout Us. ABOUT US. Asset Securitization Report is the essential resource for professionals in structured finance, providing deep coverage of deal-making for corporate, real estate, equipment leasing and consumer debt. We take you behind the transactions that companies, banks and asset managers use …
Current regulatory capital proposals burden ABS | Asset …
WEBJan 24, 2024 — Banks say current capital proposals would burden securitization market. In recently submitted comment letters, top U.S. bank representatives and a coalition of congressmen adamantly opposed the banking regulators' proposal reflecting the Basel III capital recommendations, identifying securitizations as an …
Login - ASR Deals
WEBAsset Securitization Report is the leading information resource for professionals in the securitization and structured finance sectors. In addition to news and commentary on asset-backed securities, collateralized loan obligations and other related topics, ASR offers an extensive archive, industry rankings and a comprehensive database with tranche-level information on more than 10,000 deals.
FS Investments' Bridge Street preps new CLO, considers CLO ETF
WEB2 days ago — Condelles and James Holley, co-portfolio manager and head of CLO research at FS Investments, recently spoke to Asset Securitization Report (ASR) about current CLO-market dynamics. CLO ETFs are unlocking [floating-rate] CLOs to investors that didn't have access to them before. Chris Condelles, deputy chief financial officer, FS Investments.
Elective procedure loans secure $250 million in ABS from Cherry ...
WEB2 days ago — A pool of unsecured consumer loans that finance dental, dermatology, optometry and other elective services will secure $250 million in asset-backed securities (ABS) from the Cherry Securitization Trust. This is Cherry Technology's inaugural 144A securitization, according to Kroll Bond Rating Agency ...
How will consumer ABS perform as delinquencies rise? | Asset ...
WEBAug 18, 2023 — Debt delinquency of 90 days or more for total household debt was around 1.5% at the end of Q2 2023, according to Moody's. "This rate will at most reach 3% in 2024, the level seen in 2019," said Warren Kornfeld, Moody's senior vice president of Financial Institutions. Increasing consumer credit and inflation are a common concern in the market ...