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TGI Friday WBS
Feb 2017: The company securitised its whole business to pay down debts and pay shareholders. Details here.
Dr P Singh
Feb 12, 20171 min read
30 views
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Solar loans ABS by Mosaic
Feb 2017: The first ABS by Mosaic. Details here.
Dr P Singh
Feb 12, 20171 min read
25 views
0 comments
Sub-prime aka 'non-prime' RMBS issue
Feb 2017: Another sub-prime RMBS. Some (Fitch) refer to post-crisis sub-prime or Alt-A mortgages as 'non-prime' to distinguish them from...
Dr P Singh
Feb 12, 20171 min read
4 views
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No Deal: Possible ABS that would be secured by tobacco settlements
Feb 2017: Kansas politicians are mulling the securitisation of tobacco settlements (about $50m pa) to get a large upfront amount to help...
Dr P Singh
Feb 12, 20171 min read
4 views
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P2P platforms in USA see growth
10 Feb 2017: S&P report growth in P2P platforms and no signs of a slowdown. Report here.
Dr P Singh
Feb 12, 20171 min read
3 views
0 comments
Sub-prime RMBS
2015-2016: There has been an increasing number of sub-prime RMBS issues, many unrated, reflecting according to Fitch, better standards of...
Dr P Singh
Jan 29, 20171 min read
2 views
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Repo agreements in RMBS warehouse securitisation
Jan 2017: Jefferies has set up a further series of repo agreements with three lenders where it issues RMBS through its Trust vehicle and...
Dr P Singh
Jan 29, 20171 min read
4 views
0 comments
No Deal: insurance securitisation
Feb 2016: The issuance of insurance-linked securities (ILS) and Cat bonds is v small compared to the overall securitisation market. See...
Dr P Singh
Jan 29, 20171 min read
4 views
0 comments
Ocwen mortgage servicing rights ABS
Jun 2015: Residential loan servicer, OCWEN, has issued ABS secured by receivables (mortgage servicing payments earned for mortgages...
Dr P Singh
Jan 29, 20171 min read
22 views
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Together: revolving conduit securitisation programme
2007: Together is a brand name for a collection of UK lending companies, one of which is a residential mortgage lender. It seems that it...
Dr P Singh
Jan 29, 20171 min read
8 views
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Bayport ABS
2016: Bayport is a South African originator of unsecured personal loans that are immediately securitised via a £500m (equiv) Asset-backed...
Dr P Singh
Jan 26, 20171 min read
2 views
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Synthetic ABS
Jan 2017: Resonance II. BNP securitised a portfolio of 400 corporate loans worth €5billion using a guarantee instead of the more common...
Dr P Singh
Jan 26, 20171 min read
73 views
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Egyptian ABS issues
2017: First ABS in Egypt (leases) Not sure what the leases assets are. Details here Jan 2017: CorpLease (link) another Egyptian leasing...
Dr P Singh
Jan 24, 20171 min read
6 views
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ABS market abuse
Jan 2017: Soc Gen fined $50m for misrepresenting the quality of loans in a RMBS securitisation deal. Details here of the complaint and...
Dr P Singh
Jan 24, 20171 min read
5 views
0 comments
Pensions obligations ABS
2006: A German company established to administer pension and medical receivables to be made to it by three German postal companies, has...
Dr P Singh
Jan 20, 20171 min read
3 views
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No Deal: Ocwen's MSR bond
2014: This transaction is not regarded as a securitisation but is called a direct obligation by the author of this article - which I...
Dr P Singh
Jan 20, 20171 min read
4 views
0 comments
Freddie Mac SBL CMBS
Jan 2017: Freddie Mac issued a CMBS secured by small balance multi-family properties. They are distinct because the loan size is from...
Dr P Singh
Jan 20, 20171 min read
10 views
0 comments
CPS issues auto-loans ABS
Jan 2017: Consumer Portfolio Services is in the business of acquiring pools of auto loans and funding them via securitisation. This...
Dr P Singh
Jan 20, 20171 min read
2 views
0 comments
Insurance ABS
May 2016: Secquaero securitised a book of life insurance policies to raise arpound €70m of cash that it intends to use to repay existing...
Dr P Singh
Jan 19, 20171 min read
2 views
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Invoices ABS
Jan 2017: Italian SME online invoice trading platform, Workinvoice, has securitised €5m of traded invoices. Details here and here...
Dr P Singh
Jan 15, 20171 min read
6 views
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