Pricing on Western Riverside Council of Governments' (WRCOG) HERO Funding Trust 2014-2 is cheaper than the issuers inaugural deal. The 10.6-year bond yielded 4% compared to 2014-1 , which issued very similarly structured notes and yielded investors 4.75%.
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U.S. collateralized loan obligations have relatively low exposure to oil and gas, according to Standard & Poor's.
December 17 -
Credit Suisse teamed up with JP Morgan and Barclays to sell $1.4 billion of securities backed by 69 commercial mortgage loans that are secured by 94 properties.
December 17 -
Freddie Mac has purchased additional reinsurance for the mortgages that it guarantees via its Agency Credit Insurance Structures (ACIS) program
December 17 -
The Russian ruble is in freefall its down more than 50% since January and interest rates are climbing on the back of the Bank of Russias aggressive efforts to shore up the embattled currency.
December 16 -
The amount of commercial and multifamily mortgage debt outstanding rose to a record high in the third quarter, according to data from the Mortgage Bankers Association
December 16
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George Kok is set to join Morgan Stanley as a managing director in the banks Commercial Real Estate lending group.
December 16 -
CIFC Asset Management is in the market with its fifth collateralized loan obligation of the year, according to Fitch Ratings.
December 16 -
If the Securities and Exchange Commission bans Standard & Poors from rating commercial mortgage backed securities, as it is reportedly planning to, bonds backed by a single, large asset would be hit disproportionately, according to J.P. Morgan.
December 15 -
Marketplace lender Social Finance may seek a larger initial public offering than initially planned, according to Chief Executive Mike Cagney.
December 15 - Europe
NewDay, a newcomer to the U.K. securitization market, has priced £293 million of bonds backed by credit card receivables.
December 15 -
The impact of falling oil prices has extended beyond the debt of exploration and production companies to some of their biggest creditors - collateralized loan obligations.
December 15 - Europe
Standard & Poor's may downgrade its credit ratings of seven U.K. CMBS transactions with exposure to Tesco if the supermarket operator's long- and short-term corporate credit ratings fall below investment grade.
December 15


