Bulk sales of distressed CMBS assets by special servicers help drive delinquencies down in the space but may expose senior mezzanine/AJ tranches to losses.
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The European Banking Authority will allow RMBS to be counted in the Liquidity Coverage Ratio as "high quality liquid assets".
December 20 -
Barclays expects securitization of small business loans, leases on telecommunication towers, shipping containers, and other kinds of esoteric assets to increase next year, helped by a gradual improvement in the economy and investors continued appetite for higher-yielding assets.
December 20 -
Moodys Investors Service default rate index of non-federally guaranteed student loans dropped to 3.4% and will continue to fall year over year into 2014.
December 20 -
Canadas structured finance and covered bonds markets are poised for additional growth in 2014, according to Fitch Ratings.
December 20 -
The firm said it has hired Juergen Haferkorn as a managing director in London. He will focus on asset-backed securities and expanding Cantor's outreach to German-speaking countries.
December 20
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The ratings agency said in a report today that based on 2012 mortgage lending figures, had the FHFA implemented then the roughly 4% cut its proposes today, it would have shifted just 1% of borrowers to the private jumbo market.
December 20 -
Although Ocwen Financial agreed to pay more than $2 billion to settle allegations it mishandled foreclosures and mortgages for thousands of borrowers, it could have been even worse for the country's largest nonbank servicer.
December 20 -
They would be funded separately from its current auto loan portfolio and would not be included in the companys current public securitization program.
December 20 -
The Basel Committee on Banking Supervision has proposed to relax securitization capital charges will lead to meaningful reductions in capital requirements.
December 19 -
Investors and Issuers continued to grow comfortable with non-traditional securitizations in 2013; volumes for the sector neared $30 billion, the most issuance seen since 2007.
December 19 -
JP Morgan and Barclays priced the final conduit of the year, JPMBB 2013-C17. The super senior, 10-year notes sold two basis points wide of recent pricing.
December 19 -
The $14.3 billion-asset company sold its entire portfolio of collateralized loan obligations, with a cost-basis of $431 million, at a loss of $1.4 million on Tuesday.
December 19