Regulators will unveil a long-awaited final rule next week that requires lenders to retain some of the risk for loans they securitize, a critical part of the Dodd-Frank Act that the agencies have struggled to implement.
- 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 -
Wells Fargo Commercial Mortgage Securities priced the super senior ten-year bond issued from the $1.1 billion conduit WFCM 2014-LC18, five basis point tight of the last deal that priced.
December 15 -
A bankruptcy court judge sunk investors' hopes in their latest lawsuit against Lehman Brothers, which they claim broke contracts in junk mortgage-backed securities sold during the bubble years.
December 12
-
New York's banking regulator has issued subpoenas to TD Bank and Santander over possible consumer abuses in the banks' subprime auto lending divisions.
December 12 -
The American Bankruptcy Institutes Commission to Study the Reform of Chapter 11 includes a number of proposals that could reduce recoveries for senior creditors, including collateralized loan obligations.
December 12 -
Deutsche Bank and Cantor Fitzgerald priced $824.8 million of commercial mortgage backed securities issued from the COMM 2014 - CCRE21 conduit.
December 12 -
New Residential Mortgage priced a $504 million pool of mostly re-performing residential mortgages.
December 12 -
International bank regulators finalized changes Thursday that will greatly diminish the role of external ratings agencies in weighting the risk of securitized assets in capital requirements.
December 11 -
Wendy Cohn, managing director of Fitch Ratings, and Patricia Evans, vice president of Wilmington Trust will co-chair the Structured Finance Industry Groups Women in Securitization" Initiative.
December 11 -
Bank of America Merrill Lynch is marketing $615 million of commercial mortgage bonds backed entirely by extended stay hotels and select service properties.
December 11

