Sears, Roebuck & Co. continues to close stores and sell off assets, creating significant risk for commercial mortgage bonds backed by properties leased by the retailer.
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Despite headwinds, prospects remain strong for more securitization in the single family rental space, says Wall Street Emprises CEO Alex Kangelaris.
June 10 -
The expansion of the governments Pay-As-You-Earn (PAYE) program for student loan borrowers will not make much of an impact on the performance of loans backing securitizations, according to a comment by Fitch Ratings.
June 10 -
Tidewater Finance Co. is readying $145.6 million of notes backed by subprime auto loan receivables, according to a presale report published today by Standard & Poors.
June 10 -
The highest delinquency to date of any post-crisis U.S. residential mortgage backed securities emerged in May, but it was due to a transfer of servicing of mortgages backing the deal.
June 9 -
Deutsche Bank is working on the 355 million ($482.4 million) DECO-2014 Gondola, the first European multi-loan CMBS since 2007.
June 9
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View Thomson Reuters data on issuance for the year-to-date through June 6 for ABS, MBS and CMBS.
June 9 -
Apollo Credit Management has priced the largest collateralized loan obligation since the financial crisis, the $1.54 billion ALM XIV.
June 9 -
The NIssan deal is backed by closed end leases backed by new Nissan and Infiniti brand cars; Santander's securitization is backed by subprime auto loans.
June 9 -
FMS Wertmanagement last week sold 15 U.S. commercial mortgage loans with a nominal value of $1.2 billion.
June 9 -
Hilton Resorts, a unit of Hilton Worldwide, is preparing $200 million securitization of timeshare loans.
June 6 -
Ally Bank is readying $1.679 billion of bonds backed by prime auto loans.
June 6