Residential mortgage bonds backed by qualified mortgages, as well as non-qualified mortgages, are no doubt on the drawing board if not in the works, as issuers run out of earlier loans to securitize; however experts diverge on the composition of the first deals.
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A Russian securitization law that comes into effect at the beginning of July will make it easier for Russian issuers to structure domestic, on-shore vehicles that are bankruptcy remote. One of the main motivations for the legislation was to facilitate the securitization of SME loans with the aim to increase contribution from the SME sector to the overall GDP of Russia.
June 26 -
Andrea Bryan joins NewOak as a managing director in its credit services group, responsible for credit risk management and operating advisor services for structured products, after a 15-year tenure at Standard & Poor's.
June 26 -
To date, most issuance of bonds transferring risk of property damage to investors has come from insurers who are looking for an alternative to reinsurance. Yet climate change is bringing an increasing incidence of floods, windstorms and other kinds of extreme weather, requiring corporate issuers to pay ever more attention.
June 26 -
Santander Consumer Bank priced its first securitization of Polish assets the PLN1.4 billion ($448 million) Polish auto ABS, SC Poland Auto 2014-1.
June 26 -
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J.P. Morgan Chase plans to issue $1.2 billion of securities backed by a pool of 73 commercial mortgages loans that are secured by 84 properties. Four loans that represent 3.1% of the pool are secured by student housing properties.
June 26 -
The Office of the Comptroller of the Currency sounded the alarm again Wednesday about two key areas in which it sees heightened risks from expanding portfolios: indirect auto lending and leveraged lending.
June 25 -
Highbridge Principal Strategies is planning a $469 million collateralized loan obligation, according to a Standard & Poors presale report.
June 25 -
Ocwen Financial introduced a novel derivative financing structure with Freddie Mac's blessing early this year, offering a rare window onto a corner of the market that tends to operate privately.
June 25 - PH
Securitization of very large commercial mortgages is picking up again, and so is the leverage in some of these deals.
June 25
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CNH Industrial Capital America plans to issue its third equipment lease securitization of the year, according to a regulatory filing.
June 25 -
Ford Motor Credit Company LLC plans to issue a $400 million securitization of dealer floorplan loans.
June 24
