The high refinance risk in securitizations of single-borrower, single-family rental flows is one of the reasons Fitch Ratings has capped its rating on these transactions at A, the agency said in a press release today.
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Under fire from New York's top banking regulator, Ocwen Financial took a $100 million charge for a potential settlement for servicing violations and posted a third-quarter los
October 31 -
Two timeshares securitizations totaling $445 million priced Thursday, bringing the total for the month of October to $822 million - one of the busiest months ever.
October 30 -
In its securitization debut, Bank of the West plans to offer $750 million of bonds backed by a pool of prime retail auto loans.
October 30
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CarMax is in the market with $1 billion of bonds backed by prime auto loans, according to Fitch Ratings.
October 30 -
NextGear Capital plans to sell $325 million of fixed rate notes backed by mostly auto dealer floorplan receivables, according to Moodys Investors Service.
October 30
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U.K. buy-to-let lender, Paragon Mortgages is working on a residential mortgage backed securitization deal, according to Standard & Poors.
October 30 -
Goldman Sachs and JP Morgan are selling $725 million of commercial mortgage bonds backed by a single loan that is secured by four retail shopping malls.
October 30 -
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Hawaiis Department of Business, Economic Development and Tourism plans to issue $150 million of green energy bonds, according to a Fitch Ratings report.
October 29 -
Redwood Trust's latest Sequoia RMBS will offer $341 million worth of bonds backed by a pool of 30-year, fixed rate residential mortgage loans.
October 29 -
Standard & Poors has set aside $60 million to settle possible charges related to regulatory investigations of its ratings of commercial mortgage backed securities.
October 29
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BlackRock managed an auction of $4.6 billion in U.S. mortgage-backed securities, many of them issued in 2006 and 2007, for a European Bank. Credit Suisse was among the major winners.
October 29
