The Securities and Exchange Commission sent McGraw Hill, the parent company of Standard & Poors, a notice that it may seek enforcement action with respect to the ratings of six commercial mortgage backed securities transactions issued in 2011.
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The Federal Reserve has made big losers out of ABS and RMBS structures because it doesnt consider them liquid high quality assets under liquidity coverage ratio rules implemented on Sept. 3, 2014.
September 23 -
In an audience poll of ABS East 2014 attendees at the Tuesday morning institutional investor general session, 55% expect the Federal Reserve to raise interest rates next year.
September 23 -
The latest single-asset commercial mortgage securitization to hit the market is backed exclusively by extended-stay hotels, according to a presale report published by Standard & Poors
September 23 -
CircleBack Lending has entered into an agreement with Jefferies Group to finance, and eventually securitize, up to $500 million of unsecured consumer loans.
September 23 -
Why shopping for credit ratings is alive and well in the securitization industry.
September 23
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Participants at ABS East seem to have come to terms with the requirements of Regulation AB II.
September 23 -
Securitization maybe the answer to getting costs for green energy financing and make projects accessible to all US homeowners.
September 22 -
Auto loan asset-backeds are performing well, pricing tight and drawing more originators into the field. But there concerns about the heady growth in subprime lending, and, to a lesser extent, compliance with Reg AB II.
September 22 -
Some participants at the ABS East conference sponsored by Information Management Network are not convinced transparency will boost liquidity.
September 22 -
Marriott is venturing out with $240 million of bonds backed by timeshare loans, in what is likely one of the few offerings to launch while much of the industry gathers for a conference in Miam
September 22 -
The Treasury Department has some novel ideas for restarting private label mortgage securitization.
September 22 -
Bonds backed by auto loans are widely viewed as the most liquid sector of the asset backed market, according to a survey at the ABS East Conference, sponsored by Information Management Network
September 22