Clean Power Finance's new online marketplace for operations and maintenance services for distributed generation solar paves the way for securitization of solar assets.
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Wells Fargo expects U.S. issuance of collateralized loan obligations to moderate in 2014, to $60 billion, partly as the result of regulations that make it less attractive to manage or own these securities
December 5 -
SolarCitys securitization has opened up the market for significant activity over the next 3 to 4 months.
December 5 -
The Aventura Mall located in Aventura, Fl. backs a $1.2 billion CMBS planned for Turnberry Retail Holding and Simon Property Group.
December 5 -
The Dutch State Treasury will begin selling from its $11.6 billion portfolio of U.S. non-agency RMBS held in the state's Illiquid Assets Back-up Facility.
December 5 -
Consumer Portfolio Services plans to issue its fourth term securitization backed by subprime auto loan receivables in 2013.
December 5
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Interest rates may be headed higher, but for now, investors are still pretty hungry for yield. That makes some of the more esoteric corners of the asset-backed market pretty attractive. In our cover story, Felipe Ossa looks at one of these, the equity portion of securitizations of guaranteed student loans. The so-called residual interest in older FFELP securitizations are throwing off cash, making them attractive to some seasoned investors. Sallie Mae, one of the biggest holders of resids, went so far as to securitize, or resecuritize, a bundle of them. But this was probably just an exercise to establish a market price. For now, most of the activity is in the secondary market, where other players, including Nelnet, are buying up resids.
December 4 -
Concern is mounting among investors and analysts that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage.
December 4 -
The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureaus top official in charge of dealing with student loans.
December 4 -
Nationstar is set to price a $158 million securitization of non-agency RMBS that is being led by joint bookrunners, Barclays and BofA Merrill Lynch.
December 4 -
Citi's U.S. head of banking and origination for securitized products, Gerald Keefe, has been appointed the new corporate bank head of Citibank Japan Ltd., effective Jan. 1, 2014.
December 4 -
Welk Resort Group's $158.67 million timeshare securitization was snapped up by 11 buyers, according to a company press release.
December 4
