The U.S. market for collateralized loan obligations would shrink by 75% if proposed risk-retention rules are implemented, according to the Loan Syndication and Trading Association.
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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 -
Two Harbors Investment Corp said during its 3Q 2013 financial results conference call on Wednesday that it has a good pipeline of originator partners to support its non-agency RMBS program.
November 7
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Freddie Mac sold its second offering of notes transferring credit risk on the mortgages it insures at much lower cost than its initial offering in late June.
November 7 -
Santander Consumer USA is bringing its fifth subprime auto securitization of they year to the public market.
November 7 -
Redwood Trust is confident that its latest offering of RMBS, Sequoia Mortgage Trust 2013-12, will get priced despite the more challenging environment.
November 7 -
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Volkswagen priced its upsized $1.5 billion retail auto loans dubbed VALET 2013-2 today.
November 6 -
Sallie Mae upsized its SLM Student Loan Trust 2013-6 to $995.6 million from $746.8 million; and priced the deal today.
November 6 -
The deal, AmeriCredit Auto Receivables Trust 2013-5 was originally sized at $900 million. DBRS and Moodys Investors Service assigned ratings to the notes issued under the transaction.
November 6
