Insurers will soon have better analytical tools for predicting the damages caused by widespread inland floods in the U.S., allowing them to price this risk more accurately and, eventually, transfer more of this risk to private investors through insurance-linked securities.
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Ex-Jefferies & Co. Managing Director Jesse Litvak was sentenced to two years in prison for lying to customers about mortgage-backed securities.
July 23 -
Alterna Tax Asset Group plans to issue $101 million of securities backed by property tax lien certificates from municipalities within the states of Florida, Illinois, Maryland, New Jersey and New York.
July 23 -
Decisions about how to apply U.S. swaps trading rules abroad should be based less on fears of risk to the financial system and more on considerations of market integrity, according to attorney Timothy Karpoff.
July 23 - Europe
UK interest only mortgages are repaying at a similar rate to amortizing loans, according to Moody's Investor Service.
July 23 -
Citigroup plans to issue non-conforming, U.K. residential mortgage backed securities in a deal that is backed both by buy-to-let mortgages and non-conforming purchase loans.
July 23
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The Mississippi Higher Education Assistance Corp. (MHEAC) has priced its $397 million student loan securitization, offering two classes of Series 2014 notes, according to an offering document.
July 23 -
Silver Bay is up next in the single family rental securitization pipeline with a $312 million deal backed by 3,089 rental properties.
July 23 -
For its third securitization, SolarCity plans to issue $201 million of securities backed by solar assets.
July 22 -
Standard & Poors said in a report today that it has declined assigning ratings to securitizations from newer subprime issuers coming to market, who may not have the same level of experience or infrastructure as the more established lenders.
July 22 -
RBS Commercial Funding is planning to issue a new series of commercial mortgage backed pass-through certificates under the RBS Commercial Mortgage Securities Trust, according to a filing with the SEC.
July 22 -
Relatively new to the CLO scene, ICG Debt Advisors is preparing its second collateralized loan obligation, according to a presale report published by Moodys Investors Service.
July 22 -
Ford Motor Credit plans to issue a $1.5 billion securitization of close-end leases on various Ford brand new vehicles.
July 22