Since the first securitization of single-family rental properties materialized last November, the sector has drawn criticism from housing analysts and politicians.
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The $558 million deal is backed by a floating rate, interest-only, loan that has a two-year term with three 12-month extension options. The issuer has also removed its cap on the aggregate percentage of eligible tenants (defined as tenants with a 40% rent to income ratio) in the latest transaction.
June 17 -
The Rhode Island Student Loan Authority priced $93.1 million of bonds backed by Federal Family Education Loan Program loans, according to a regulatory filing.
June 17 -
JP Morgan's large loan CMBS deal is secured by 36 extended-stay properties, nine limited-service properties and two full-service properties.
June 16 -
Deutsche Bank and Cantor expect to sell a $863 million conduit backed by 49 commercial mortgage loans that are secured by 60 properties, according to a regulatory filing.
June 16 -
Deutsche Bank plans to a $1.4 billion securitization of a single loan that is secured by five full-service hotels located in Hawaii and California, according to Morningstar.
June 16
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Ford Motor Credit Co. is planning a $1.6 billion securitization of new and used automobile, light-truck and utility-vehicle retail contracts, according to a presale report published by Fitch Ratings.
June 16 -
RadioShacks store closures will have a much smaller impact on commercial mortgage bonds than those announced this year be several big box retailers.
June 16 -
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View Thomson Reuters data on issuance for the year-to-date through June 13 for ABS, MBS and CMBS.
June 15 -
Former students may be buckling under a weight of debt in a slow economy, but fewer and fewer of them are defaulting on private education loans.
June 13 -
The ratings agency said in a report this week that debt at the BBB- level or below, in certain large loan CMBS deals, is too much for those ratings.
June 13 -
The Chicago Federal Home Loan Bank and Redwood Trust Inc. have teamed up to create a conduit for jumbo mortgages.
June 13
