Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.
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First National plans to issue a$90mn tax lien securitization backed by a pool of tax liens on real estate properties in Florida, Illinois and South Carolina, according to Kroll Bond Rating.
December 9 -
New Residential Mortgage is marketing $503 million of bonds backed by mostly re-performing residential mortgages.
December 9 -
Securitization is likely to absorb the $347 billion of commercial mortgages set to mature in the next three years.
December 9 -
While municipal efforts to use eminent domain to seize homeowners' underwater mortgages have subsided, the issue is still a concern for many mortgage bond market participants.
December 9
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Top restructuring officials have endorsed the right of secured creditors to use their liens on borrowers' assets as currency in 363 corporate bankruptcy sales.
December 9
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Octagon Credit Investors took advantage of a dip in loan prices over the summer to quickly print a CLO at the request of one of its own investors, using the proceeds to snap up collateral, largely in the secondary market.
December 9
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JP Morgan and Barclays are marketing $1.4 billion of securities backed by 69 commercial mortgage loans that are secured by 94 properties, according to Kroll Bond Rating
December 8 -
The U.S. Securities & Exchange Commission is seeking to suspend Standard & Poors from grading commercial mortgage bonds in what would be the agencys toughest action yet against a major credit rater, a person with knowledge of the matter said.
December 8 -
Bank of America Merrill Lynch has a $432.6 million large loan, floating-rate CMBS up next that is backed by the property types du jour: lodging and retail.
December 8 -
Over $10 billion of U.S. collateralized loan obligations priced in November, bringing issuance for the first nine months of the year to record $115.4 billion, according to Thomson Reuters.
December 8 -
Moodys Investors Service expects a more diversified, larger Chinese securitization market in 2015, the rating agency said in a report today.
December 8 -
Wells Fargo Commercial Mortgage Securities is selling $1.1 billion of securities backed by 99 commercial mortgage loans on 117 of mostly retail and lodging properties.
December 8
