More diversity may be on the way for Russias traditionally mortgage-bond monopolized securitization market, according to a report by Standard & Poors.
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As of May 1, roughly 165, or 26% of all U.S. CLOs ratedy by Moodys Investors Service and issued before the financial crisis had some Texas Competitive exposure, including eight with 20% or more exposure.
May 12 -
Securitization of single commercial loans is down this year, and that's partly because larger loans on retail malls are being used as collateral in conduits, according to J.P. Morgan.
May 12 -
Honda American Finance Corp. is readying its second prime auto loan securitization of the year, according to a presale report published by Moodys Investors Service.
May 12 -
The deal will publicly offer $595 million of securities backed by credit card receivables. Barclays, RBC Capital Market and RBS are the lead underwriters.
May 12 -
The chance of any housing finance reform bill moving in Congress this year as well as in the foreseeable future is now seriously in question after six key Democrats have apparently rejected the plan offered by Senate Banking Committee leaders.
May 12
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View Thomson Reuters data on issuance for the year-to-date through May 9 for ABS, MBS and CMBS.
May 9 -
View the deals featured in ASR's Scorecard database that priced in the two weeks ended May 9.
May 9 -
Colony Financial, the real estate investment trust responsible for the second-ever securitization of single family rental properties, is also tapping the securitization market to fund investments in "transitional" commercial real estate.
May 9 -
Over $1.5 billion in auto loan securities was added to the pipeline this week via deals market by Porsche and Ally Bank, according to Standard & Poor's presale reports.
May 9 -
Assured Guaranty hopes to take advantage of a recent upgrade in its financial strength rating to resume offering insurance on future flow securitizations.
May 9 -
Wells Fargo and the Royal Bank of Scotland are planning a $980.2 million commercial mortgage securitization, according to a regulatory filing.
May 9 -
By agreeing to buy Clayton Holdings for $305 million, Radian Group is essentially betting that the private mortgage securitization market will make a comeback.
May 8
