Wells Fargo and the RBS Securities plan to issue a $1.1 billion CMBS conduit backed by a pool of 99 commercial mortgage loans secured by 133 properties; retail properties make up 32.6% of the pool.
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Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
May 5 -
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
May 5 -
After the financial crisis, Turkish banks found that they could continue to securitize diversified payment rights without the by-then worthless insurance wraps. Some banks have found that they can also do deals without arrangers from abroad.
May 5 -
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.
May 5 -
Wider pricing on the second-ever securitization of single-family rental properties suggests that investors are becoming more discerning about this new asset class.
May 5
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For sheer scale of securitizable assets, its tough to beat trade finance, and banks have new incentives to get these assets off their balance sheets.
May 5 -
S&P has requesting additional info on property valuations; the deal's delayed; and Fitch weighs on what it sees as faulty property valuations by its rival.
May 5 -
View Thomson Reuters data on issuance for the year-to-date through May 2 for ABS, MBS and CMBS.
May 5 -
View the deals featured in ASR's Scorecard database that priced in the two weeks ended May 2.
May 4 -
For sheer scale of assets, its tough to beat trade finance, and banks have new incentives to get these assets off their balance sheets.
May 4 -
Yes, subprime lending is picking up. But industry experts believe regulatory reform and new documentation requirements will prevent bubble-era style risk layering from re-emerging.
May 2 -
CarMax is in the market with its second prime auto loan securitization of the year, according to a regulatory filing.
May 2
