Fannie Mae hosted an investor call Wednesday to present an overview of its approach to single-family credit risk management, a spokesman confirmed.
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Standard & Poors has assigned preliminary ratings to the upcoming deal called Fastnet Securities 9. Morgan Stanley is lead arranger on the deal.
November 12 -
A number (11) of European CLOs issued before the financial crisis are ripe for redemption, and this could free up loans to be used as collateral in new deals, according to Moodys Investors Service.
November 12 -
Analysts at Bank of America Merrill Lynch see value in "selectively" buying higher mezzanine tranches of asset-backed deals from issuers in the European peripheral countries. They think going down the capital stack in core country deals is a good idea as well.
November 12 -
Arranged by Citigroup, the deal is CNH's third equipment lease securitization this year.
November 12 -
Federal Home Loan Bank members are wary of nondepositories gaining access to district bank securitization programs..
November 12
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The Carlyle Group said today it has closed a $415 million collateralized loan obligation, its sixth CLO of 2013.
November 12 -
Deutsche Bank priced t the $479 million Invitation Homes 2013-SFR1 REO-to-rental securitization 5 basis points to 35 basis points tighter than initial guidance, a person familiar with the deal confirmed.
November 12 -
Standard & Poors assigned the $54.42 million, Series 2013-1 deal deal a preliminary BBB+ratings.
November 11 -
The agency raised the B tranche rating to 'AA+' from 'AA' initially and the D tranche to 'BBB+' from 'BBB.' The deal, by First Investors, priced only last week and was upsized to $250m from $206m originally.
November 11 -
The 10-year, AAA-rated A4 bonds in J.P. Morgan Chase Mortgage Securities Trust 2013-C16 2013-C16 and Goldman Sachs GSMS 2013-GCJ16 , priced at 96 basis points and 108 basis points over swaps respectively.
November 11 -
The largest tranche, for $327 million, priced at 108 basis points over swaps a bit outside the price talk of 95-100 basis points.
November 11 -
Rising U.S. home prices havent boosted the performance of mortgage bonds as much as might be expected, and Fitch Ratings says this is due to the length of time and amount of money it takes to sell repossessed homes.
November 11
