Trepp reported that December US CMBS delinquencies fell by another 5 basis points to 5.75%. In all, delinquencies in the year fell by 168 basis points from 7.43% in December 2013.
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Wyndham Worldwide is prepping a $250 million securitization of timeshare loans, according to Fitch Ratings.
March 12 -
California is the next state planning to refinance bonds backed by settlement payments from cigarette manufacturers.
March 11 -
A CMBS with exposure to the historic Standard Oil building in downtown New York is in the market, according to a pre-sale by Kroll Bond Rating Agency.
March 11
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Westgate Resorts has completed the securitization of a pool of $175 million of timeshare loans via Westgate Resorts 2015-1.
March 10
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President Obama has directed the Department of Education and other agencies to institute changes meant to improve student loan servicing in an initiative the White House calls "a student aid bill of rights."
March 10 -
Bondholders in CMBS with exposure to Macerich Company would be wise to watch how Simon Property Groups $22.4-billion bid for the mall operator unfolds.
March 10
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Synchrony Bank, formerly GE Capital Retail Bank, has priced the senior tranche of a five-year credit card securitization of the year, according to a regulatory filing.
March 10 -
Santander Consumer USA will access a deeper subprime pool of borrowers in its latest $712 million subprime securitization, Drive Auto Receivables Trust 2015-A.
March 9 -
Credit Suisse has priced a securitization of 82 commercial mortgages - CSAIL Series 2015-C1 - that add up to roughly $1.2 billion, according to a filing with the SEC.
March 9 -
Synchrony Bank, formerly GE Capital Retail Bank, has launched its first credit card securitization of the year, according to rating agency presale reports.
March 9 -
Chase priced a total of $1.75 billion of securities backed by credit card receivables Monday, according to a regulatory filing.
March 9
