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.

February 20
1 Min Read
  • Wells Fargo is marketing a $449 million floating rate CMBS transaction backed by 25 loans.

    April 22
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  • Volkswagen is in the market with a $1 billion securitization of auto loan receivables – the issuer’s 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
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  • Vornado Realty Trust’s plan to spin off 81 strip shopping centers and four malls into a new publicly traded real estate investment trust won’t 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 Moody’s Investors Service.

    April 21
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