Banks and money managers are seeking further guidance on the impact of the Volcker Rule on collateralized loan obligations
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View the year-to-date manager rankings through March 21 for the different ABS sectors, including real estate, credit cards, student loans, autos, and collateralized debt obligations.
March 4 -
The biggest issue at hand is the nature of private-public risk-sharing in mortgage credit risk; for the next generation secondary market to thrive, there must be some limited form of government guarantee present to reduce potential investor flight during times of crisis.
March 4 -
By halting Ocwen Financial's deal to buy a mortgage servicing portfolio from Wells Fargo, New York regulator Benjamin Lawsky has called into question the servicer's ambitious growth plans.
March 4 -
While lawmakers continue to press regulators to exempt collateralized loan obligations from Volcker Rule restrictions, managers of these deals have found another workaround and this one allows them to invest in bonds.
March 4 -
Managers and arrangers of U.S. collateral loan obligations have struggled to satisfy the European Unions risk retention requirement. However, the final draft rules published by the European Banking Authority include a new concession that may assist U.S. managers in accessing an investor base in the region.
March 4
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Dan Feshbach, founder and CEO of MeasureOne, thinks that disclosure of loan-level data can do for the student loan market what it did for mortgages.
March 4 -
The powerful storm surge produced by Hurricane Sandy has added momentum to the federal governments efforts to farm out a portion of the risk now borne by the National Flood Insurance Program, and there appears to be a strong appetite in the private market.
March 4 -
Deutsche Bank, Cantor Fitzgerland and UBS priced their $1.2 billion commercial mortgage securitization, COMM 2014-UBS2; two more deals could price this week.
March 4 -
Discover Bank is preparing to offer $850 million of notes backed by credit card receivables, according to a regulatory filing.
March 4 -
Nelnet is prepping its second deal of 2014, according to a pre-sale report by Moodys Investors Service.
March 3 -
Aegon Nederland N.V. plans to issue Dutch RMBS via its SAECURE series. Sizing on the deal, SAECURE 14 will depend on investor interest and has not yet been determined.
March 3 -
Despite being rated 'Caa1' by Moody's, the deal from Privatbank has exhibited low delinquencies and a enormous credit enhancement for the outstanding tranches.
March 3
