The deal, Exeter Automobile Receivables Trust 2014-1, was upsized by $150 million to $650 million and offered investors four tranches of notes.
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Two academics at Michigan Technology University argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
March 28
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Freddie Mac's $966 million STACR 2014-DN2 deal, its second offering of STACR notes this year, is being pre-marketed this week, according to an Interactive Data Report.
March 28 -
Goldman Sachs and Citigroup priceda $1.2 billion commercial mortgage backed securities conduit, according to a regulatory filing.
March 28 -
Chase priced $1.425 billion of credit card backed securities Thursday, according to a regulatory filing; the offering was upsized from $1 billion originally.
March 28 -
Standard & Poor's is unlikely to upgrade its ratings on nonbank commercial lenders over the next two years because increased competition for both secured and asset-based credit facilities has led to looser underwriting standards.
March 28
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A proposal by the Financial Industry Regulatory Authority (FINRA) designed to reduce counterparty risk in the forward market for mortgage bonds troubles some market participants, who say that the measures could have the opposite effect.
March 28 -
Morgan Stanley and Bank of America Merrill Lynch priced a $934 billion commercial mortgage backed securitization dubbed MSBAM 2014-C15.
March 27 -
Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
March 27 -
Impending legislation renewing the federal backstop for terrorism insurance could pare down this safeguard, creating havoc in the market for commercial mortgage-backed securities; despite advances in modeling this risk, it may prove challenging for capital markets investors to pick up the slack.
March 27 -
Rep. Maxine Waters, D-Calif., unveiled a new plan Thursday to overhaul the housing finance market, entering what's becoming a crowded field of proposals to restructure the mortgage system.
March 27 -
John Deere is preparing a $1 billion securitization of equipment loans, according to a regulatory filing.
March 27 -
Deutsche Bank and Cantor Fitzgerald issued priced guidance on their $925 million commercial mortgage backed securities conduit.
March 27