Problem borrowers, at a greater risk of default, could exit Federal Family Education Loan Program ABS pools on the expansion of the Pay As You Earn plan.
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RMBS backed by mortgages where servicing has been transferred to large non-bank servicers from bank servicers, experience greater cash-flow volatility because of more conservative stop advancing policies.
May 15 -
Navient, the student loan servicer spun off from Sallie Mae in April, is planning a $747 million securitization of Federal Family Education Loan Program loans.
May 15 -
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Cantor Fitzgerald, UBS and Natixis have teamed up to issue a $1.1 billion CMBS conduit transaction collateralized by 49 fixed rate commercial mortgage loans that are secured by 81 properties.
May 14 -
Moodys Investors Service said today that the lens for assessing credit risk in single-family rental securitizations (SFRs) backed by loans to multiple borrowers is different than the one used for SFRs backed by loans to single borrowers.
May 14
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Assured Guaranty is wrapping a just-priced deal from Turkeys Garanti Bank, according to a release from the insurer.
May 14 -
Eaglewood Capital Management has increased the size of a securitization of peer-to-peer consumer loans originally offered in October by $47 million to $100 million.
May 14 -
The company anticipates gross proceeds from the sale of its certificates of approximately $481 million, with a duration-weighted blended interest rate of LIBOR plus154 basis points.
May 14 -
Honda American Finance Corp and Porsche issued a total of $1.4 billion in securities backed by prime auto loans receivables that priced at similar levels.
May 14 -
Fannie Mae and Freddie Mac could triple issuance of securities linked to the performance of mortgages that they insure under goals released by their regulator today.
May 13 -
The state is expected to draw up to $31.5 million from a reserve account to cover debt-service payments on its Buckeye tobacco bonds.
May 13 -
The Senate Banking Committee will vote Thursday on legislation to overhaul the housing finance system after abruptly postponing deliberations late last month.
May 13


