Shellpoint, the home lender founded by mortgage-bond pioneer Lewis Ranieri, removed loans made to foreign nationals from its RMBS deal dubbed Shellpoint Asset Funding Trust 2013-2.
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Solid demand for tank cars will support railcar securitization issuances over the next two years, according to a roundtable hosted by Standard & Poors.
December 27 -
Rising interest rates and the end of the refinancing wave could reduce agency MBS issuance by more than 30% next year.
December 27 -
Banking regulators have until Monday to respond to a lawsuit filed by the American Bankers Association over the Volcker Rule.
December 27 -
The sale will result in an after-tax charge of approximately $900,00, or 12 cents a share, to the companys fourth quarter net income.
December 26 -
Nothwithstanding the concern about some looser underwriting of commercial mortgage-backed securities, the CEO of Cantor Commercial Real Estate is very bullish about the potential for 2014 issuance.
December 26
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The issuer's first transaction securitizes the cash flows generated by over 100 individual wind, solar and energy efficiency installations, all with investment grade obligors.
December 26 -
Banks and money managers are seeking further guidance on the impact of the Volcker Rule on collateralized loan obligations
December 24 -
Standard & Poors said Tuesday that it expects the performance of the collateral that backed commercial securitizations to remain stable in 2014.
December 24 -
The catastrophe bond market experienced near record issuance in 2013, leading to an all-time high level of outstanding of just over $20 billion, according to Fitch Ratings.
December 24 -
The A+ rated class of interest only five-year notes has a coupon of 3.9% and the A+ rated 10-year, amortizing notes a coupon of 5.3%.
December 23 -
Ocwen Financial's agreement to write down $2 billion in principal of the mortgage it services should not impact Fitch Ratings assessment of any of the bonds backed by these mortgages
December 23 -
Investors participating in a roundtable organized by Standard & Poor's remain keen on buying CLOs - especially in the primary market - but they are also wary of emerging risks linked to more leverage and covenant-lite loans in the pools.
December 23