The agency raised the B tranche rating to 'AA+' from 'AA' initially and the D tranche to 'BBB+' from 'BBB.' The deal, by First Investors, priced only last week and was upsized to $250m from $206m originally.
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Three hot asset classes discussed at the ABS Vegas panel on esoterics arent all that new: property assessed clean energy loans, rental properties, and solar panel leases
January 23 -
Moodys Investors Service said its time for the market to assess the level of collateral risk it will tolerate in new vintage conduit CMBS deals.
January 23 -
Investors speaking at a panel at ABS Vegas offered a variety of views on investment opportunities this year.
January 23 -
The Securities and Exchange Commission is likely to issue the long-awaited final ruling of Regulation AB II at an open meeting in February, according to former Chairman Christopher Cox.
January 23 -
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The qualified mortgage rule hasnt dissuaded some major banks to stop jumbo mortgage originations despite the increased risks tied to the product.
January 23 -
Ford Motor Credit Co. priced its $1.6 billion prime auto loan securitization some basis points tighter than its last deal to print in 2013.
January 23 -
The sale represents around 2% of Wells Fargos total residential servicing portfolio as of the end of fourth quarter 2013.
January 23 -
Participants at an ABS Vegas 2014 panel struggled to explain how private label RMBS could become relevant to a broader range of U.S. consumers, although they took pains to sound optimistic.
January 23 -
GM Financial is taking advantage of the resulting spread compression to start securitization leases (both prime and subprime) and dealer inventory financing.
January 22 -
The protection commercial mortgage-backed securities sellers must provide in order to obtain higher ratings for their bonds is likely to cost them even more going forward, said Fitch Ratings.
January 22 -
Michael Stegman, a counselor to the Treasury Secretary on housing finance, said the GSEs' recent profitability was misleading and does not lessen the need for housing finance reform.
January 22
