All articles tagged with #securitization
Originally Published 6 months ago — by politico.eu
The European Union plans to revive securitization practices, which were linked to the 2008 financial crisis, by loosening regulations to boost bank lending and economic growth, despite concerns from regulators and NGOs about potential risks and misuse.
Originally Published 2 years ago — by Reuters
Chinese banks are increasing the sale of bad loans at a record pace as regulators push for faster disposal of sour debts amid rising consumer defaults during an ailing post-COVID economic recovery. The issuance of securities backed by non-performing loans (NPLs) is set to jump about 40% from last year to a record high. This week alone, six banks plan to issue $210.49 million worth of asset-backed securities (ABS) based on bad loans. Chinese authorities have blacklisted 8.57 million people who missed payments, up 50% from the beginning of 2020. The booming market for bad loans highlights the challenges facing China's banking sector as it grapples with a real estate crisis, local government debt woes, and rising individual delinquencies.
Originally Published 2 years ago — by Seeking Alpha
SoFi Technologies has reached an agreement to place a $375 million personal loan securitization with funds managed by BlackRock investment advisors. This move will provide SoFi with access to additional capital, allowing them to expand their lending capabilities and better serve their members. The transaction is expected to settle by mid-November and is backed by a pool of SoFi personal loan collateral.