Venn Partners plans to issue its first Dutch residential mortgage-backed securitization; the deal is backed by loans that it recently acquired from GE Artesia Bank, a unit of GE Capital International.
-
The triple-A rated notes issued from the sponsor's Discover Card Execution Note Trust are being talked in the swaps plus 25 basis point area.
April 28 -
Under the proposed changes, credit enhancement levels for securitizations backed by credit card receivables and revolving consumer loans will more explicitly incorporate the effects of a sponsor default.
April 28 -
The recent lull in issuance of private label commercial mortgage bonds has helped new issue CMBS spreads retrace much of the (modest) widening seen earlier in April, according to research published by J.P Morgan.
April 28 -
The deal, Moorgate Funding 2014-1, will offer £510 million ($858 million) of notes backed by first-lien, U.K. non-conforming residential mortgages owned by Kilimanjaro AM.
April 28
-
Allstate Insurance is preparing an as-yet unsized catastrophe bond; The deal is designed to transfer the risk of outsized insurance claims for losses from named storms in 30 states and earthquakes, including resulting fires, in California, New York, and Washington.
April 25
-
Senate Banking Committee leaders want to win as much support as possible for their housing finance reform legislation before a panel vote on Tuesday, but it's possible that a failure to win over certain members could ultimately assist their cause.
April 25 -
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.
April 25
-
The Euro Secured Notes Issuer, a securitization vehicle set up by 5 French banks to fund loans to smaller companies, made its debut issuance this month, selling 2.6 billion of bonds.
April 25
-
Floridas Citizens Property Insurance Corp. upsized its latest catastrophe bond twice to $1.5 billion before pricing it Thursday.
April 25 -
Kroll has assigned a preliminary AAA rating to a single, $134 million tranche with a stated maturity of May 2029 to be issued by PFS Tax Lien Trust 2014-1.
April 24 -
The young business of large-scale single-family rental companies is profiting from the housing bust in more ways than one.
April 24
-
The deal, which is rated by Standard & Poor's, will offer £242.53 of notes backed by higher-risk U.K. mortgages.
April 24
