Sallie Mae is working on the first student loan securitization in nearly a month.
-
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
-
American Homes 4 Rent (AMH) said the deal is slated to come to market within the next 90 days.
November 11 -
Barclays is preparing a $185.87 million securitization of federally guaranteed student loans, according to a presale report by Fitch Ratings.
November 8 -
USAA is marketing a $70 million catastrophe bond, according to a presale report from Standard & Poors.
November 8 -
PennyMac Mortgage Investment Trust only sold $170 million out of $550.5 million of RMBS bonds structured under its private-label securitization that was completed in the third quarter.
November 8 -
Cory Wishengrad, Barclays former co-head of U.S. securitization, will make a move to Guggenheim Securities, where he joins as a senior managing director.
November 8 -
American Electric Powers Appalachian Power priced its $380 million utility tariff rate relief bonds tight relative to priced guidance issued earlier this week.
November 7 -
Rialto Capital Management plans to securitize the recoveries from non-performing loans, performing loans and real-estate owned properties that have an aggregate unpaid principal balance of $319.2 million.
November 7