Participants at ABS East held forth on value opportunities in securitization and how increases in interest rates, loosening underwriting standards and the debt ceiling stalement ought to inform investor behavior over the short-to-medium term.
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Corporate borrowers would likely see financing margins increase by more than one-third if CLOs are required to keep skin in the game of these deals, according to a study commissioned by the Loan Syndication and Trading Association.
December 18 -
Wells Fargo and RBS priced the super-senior triple A class of WFRBS 2013-C18 in line with recent conduit pricing.
December 18 -
Newtek Business Services sold an additional $24.4 million of single-A rated securities from its small business loans trust.
December 18 -
Fitch Ratings expects the recent rate of improvement in U.S. residential mortgage bonds will moderate over the next year as home price appreciation slows.
December 18
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The ratings agency said it plans to track performance measures such as charge-off rates, delinquency rollover rates, yields and excess spread to provide insight beyond the ratings.
December 18 -
The stricter lending requirements in the current environment will spell trouble for some of the $346 billion in CMBS loans slated to mature between 2014 and 2017, according to Trepp.
December 17 -
Deutsche Bank and Cantor Fitzgerald priced the COMM 2013-CCRE13 conduit deal within priced guidance.
December 17 -
Citi and Santander have launched a program to securitize trade finance assets originated by the two banks; the inaugural $1 billion issue consisted of four classes of three-year notes.
December 17 -
Resource Capital priced a $260.8 million CMBS that is collateralized by a pool of 26 floating rate mortgage loans with $300.6 million current balance that are backed by 44 transitional commerical and multifamily properties.
December 17 -
Royal Bank of Scotland is prepping a CMBS backed exclusively by a $375 million loan on the property in Paramus, NJ.
December 17 -
Losses on the portfolios behind all U.S. auto loan securitizations tracked by Standard & Poors rose in October to the highest monthly level since January. Losses in the subprime segment hit their highest level since March 2010.
December 17

