Ocwen Financial has found a new way to fund its rapid expansion in mortgage servicing: issuing notes tied to the fees that it earns from managing government-backed loans.
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Wells Fargo is marketing a $449 million floating rate CMBS transaction backed by 25 loans.
April 22 -
Volkswagen is in the market with a $1 billion securitization of auto loan receivables the issuers first of 2014.
April 22 -
Standard & Poor's believes Congress will renew the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) but there is a risk that if scaled back enough, it would create credit and liquidity issues for CMBS, in the same way that letting the policy lapse would.
April 22 -
Vornado Realty Trusts plan to spin off 81 strip shopping centers and four malls into a new publicly traded real estate investment trust wont cause an immediate credit fallout for bonds exposed to these properties, said Barclays analysts in a report.
April 21 -
Some lenders in the subprime auto-loan space appear to be raising their underwriting standards, according to Moodys Investors Service.
April 21
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The three straight week lull in CMBS issuance will be followed an active period that should boost issuance volumes closer to beginning of the year forecasts.
April 21 -
Standard & Poors has cut its forecast for the issuance of non-agency mortgage-backed securities this year by a steep 40%.
April 21 -
In some U.S. states, the lengthy and costly foreclosure timeline on loans in legacy, private-label mortgage bonds, has outweighed the benefits of home price gains.
April 21 -
Former Federal Deposit Insurance Corp. Chairman Sheila Bair took private investors to task last week, arguing that their failure to understand and manage mortgage-market risk helped bring about the financial crisis.
April 21 -
Sallie Mae is still interested in adding to its holdings of Federal Family Education Loan Program loans, even if it took a pass on a $3.6 billion portfolio that CIT sold to Nelnet this month.
April 17 -
The vacancy rate for properties backing Blackstones Invitation Homes single-family rental securitization declined to 6.5% in February, from 8% in January.
April 17 -
Kubota Credit Corp. priced its inaugural term securitization, a $300 million transaction backed by agricultural, construction and turf equipment loans.
April 17





