Total Engine Asset Management, or TEAM, is sponsoring an ABS totaling $$256.98 million backed by leases and asset values of 30 engines on lease (or contracted to lease) to 13 airlines in 11 countries.
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CoreVest American Finance and Amherst Financial have each launched new securitizations of single-family rentals, following the pricing Wednesday of the first SFR transaction of the year by Progress Residential.
March 4 -
Fannie Mae completed its first two Credit Insurance Risk Transfer transactions of 2020, shifting $1 billion of single-family loan credit risk to insurers and reinsurers.
March 4 -
Nelnet Student Loan Trust 2020-2, arranged by Bank of Montreal, is made up of nearly 50% of formerly delinquent loans that have been cured to current status.
March 4 -
In announcing the central bank’s emergency rate cut, Chairman Jerome Powell warned that the Fed can only do so much.
March 3 -
The court’s liberal bloc and Chief Justice John Roberts, who holds a crucial swing vote, appeared reluctant to remove a contentious provision that limits a president’s ability to fire a sitting director of the bureau.
March 3
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Ample access to cash and debt, along with strong diversification strategies built into investment portfolios, will help asset managers and junk-rated corporate borrowers absorb any near-term substantial economic headwinds, according to Fitch Ratings.
March 3 -
Any impact from the coronavirus outbreak on commercial and multifamily loan delinquencies won't be known for some time, the Mortgage Bankers Association said.
March 3 -
Even with the global-trade wars’ ongoing financial pressure on the U.S. agricultural industry, John Deere Capital Corp. has yet to see serious signs of distress from borrowers who’ve financed farm equipment through the Deere & Co. lending unit.
March 3 -
The Federal Reserve has voted unanimously to cut the interest rate 50 basis points to 1.10% effective March 4, in the first emergency rate cut since 2008.
March 3 -
The properties have a combined broker-price opinion value of $530.7 million, which is a 27.4% increase for the properties in their original respective securitizations in 2015 and 2016.
March 3 -
Veros Credit received an AA rating in its 2018-1 transaction, which featured lower loan-to-value ratios and average account balances in the pool.
March 3 -
John Roberts could play a familiar role as the swing vote in determining whether the Supreme Court curbs the consumer bureau’s power.
March 2