Despite potential regulatory hurdles and dire reports on the decreasing quality of underlying assets in collateralized loan obligations, structured credit experts said they see almost no letup in investor demand for CLOs in the foreseeable future.
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The nonperforming residential mortgage market is hot, and may be getting a little too hot, with bidding extremely competitive, loan sales advisors say.
June 20 -
Santander Consumer Bank S.A. plans to issue its first public Polish securitization a PLN1.4 billion ($46 million) transaction that is backed by a portfolio of Polish auto and rental-purchase loans.
June 20 -
Colony American Homes said it priced its second securitization of single-family rental homes with a duration-weighted blended interest rate of LIBOR plus 164 basis points.
June 19 -
Guggenheim Securities has hired former Deustche Bank ester ABS pro, Matt Bissonette, as a managing director in the Fixed Income Division, according to a company press release.
June 19 -
American Railcar Leasing and Container Leasing International priced $616 million of securities backed by esoteric assets, according to an Interactive Data report.
June 19
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Several newer managers are in the market with CLOs this week.
June 19 -
Italian-based consumer credit company, Consel S.p.A plans to issue a 372 million consumer loan securitization dubbed Monviso 2014 s.r.l.
June 19 -
Bank of America Merrill Lynch has launched a £210 million CMBS, Taurus UK 2014-1 that securitizes its loan to private equity firm Apollo EPF II Partnership.
June 19 -
Although the concept of using eminent domain as a tool to address the continuing widespread issue of underwater mortgages is facing serious headwinds as a result of the above factors, the concept is not dead.
June 19 -
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Consumer Portfolio Services has priced its second subprime auto-loan securitization this year, according to a press release.
June 18 -
Deutsche Bank has hired Dan Voloshin as a director in CMBS trading, said a person familiar with the move.
June 18
