RBS Securities is lead underwriter on the deal dubbed Sierra Timeshare 2013-3. Fitch Ratings has assigned preliminary ratings of ‘A’ to the transaction’s class A notes and ‘BBB’ ratings to the class B notes.
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Jim Thompson announced his new investment company, Preston Hollow Capital. Brian Prince replaces him as Orix's CEO and President.
January 8 -
The Financial Industry Regulatory Authoritys (Finra) proposal to disseminate pricing data for asset-backed securities faces push back from a major industry trade group, SIFMA.
January 8 -
Federal Home Finance Agency Mel Watts delays hike in guarantee fees charged by Fannie Mae, Freddie Mac.
January 8 -
The New York appellate courts ruling on when the clock begins on the statute of limitations for RMBS put-back claims will limit put-back payouts on new claims and on pending lawsuits with similar issues.
January 8
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The $2.5 billion portfolio is composed of better performing securities and has a higher percentage of fixed-rate collateral than the bonds sold in December.
January 8 -
The triple-A notes priced in line with issuers latest deal but further down the curve spreads widened by 10 basis points.
January 7 -
He's now heading the firm's efforts in developing clients. McPherson had previously left NewOak several months after participating in its late-2008 launch.
January 7
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Lawmakers are gearing up to intervene if regulators fail to resolve ongoing concerns about the treatment of collateralized debt obligations backed by trust-preferred securities under the Volcker Rule.
January 7 -
Bankcard and private-label charge-offs increased in November but delinquencies remained low, according to a Standard & Poors report.
January 7 -
Navitas Lease Corp. has issued a debut $92.3-million deal backed by equipment loan and lease contracts, according to a company press release.
January 7 -
Final rules implementing the Volcker Rule remove many obstacles to securitization compared with the initial version.
January 7
