PennyMac is set to plot its first prime RMBS issue via the $550.46 million PMT Loan Trust 2013-J1.
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At 10 billion, European CMBS maturities will slow down in 2014 compared to the 16 billion maturing in 2013; but loans will compete for refinancing opportunities with the backlog of existing specially serviced loans, according to Standard & Poor's.
December 3 -
Moody's Investors Service forecasts issuance of eight-to-ten deals backed by enhanced equipment trust certificates (EETCs) during 2014, in line with 2013 activity.
December 3 -
Credit rating agency TransUnion has reported a continued increase in delinquent auto loans in the U.S.
December 3 -
The Consumer Financial Protection Bureau finalized a rule Tuesday that allows it to supervise the largest nonbank student loan servicers in the country.
December 3 -
Nissan Motor Acceptance Corporation plans to issue a $833 million securitization of retail auto loans.
December 3
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The race to lock in historically low interest rates and maintain healthy CMBS origination levels has led to loan oversight in two recent transactions, according to Fitch Ratings.
December 3 -
The Long Island Power Company is marketing its much anticipated utility bond that will offer a total of $2.1 billion of notes backed by payment from retail electric customers in LIPAs service area.
December 2 -
Paragon Mortgages, the specialist U.K. buy-to-let (BTL) lender, said it plans to do two securitizations per year, with the next deal planned for spring 2014.
December 2 -
The U.S. ABCP market remains on its path of decline, with total outstandings falling 18% so far this year, according to Fitch Ratings.
December 2 -
Goldman Sachs International Bank and Societe General priced Italys first post-crisis CMBS backed by a loan secured on Italian retail properties, according to market reports.
December 2 -
Moodys Investors Service predicts that, within the space of commercial mortgage backed securities, rising interest rates next year will heighten both the term risk of new deals and the refinance risk of outstanding ones.
December 2 -
Starwood Capital Group plans to issue a CMBS backed by a $760 million loan that was jointly originated by Barclays, The Royal Bank of Scotland and JPMorgan Chase Bank.
December 2
