Despite announcing that a deal would be ready in “weeks,” FeatherStone has yet to select a ratings agency to rate the deal, nor has the group selected a lead underwriter to lead the transaction.
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The $746.8 million deal is the lender’s sixth securitization of Federal Family Education Loan Program (FFELP) non-consolidation loans so far this year.
November 4 -
SolarCity plans to issue a $54.42 million private placement of solar asset backed notes, the company said in a press release today.
November 4 -
View year-to-date issuance through Nov. 22 for ABS, MBS and CMBS.
November 1 -
View the year-to-date manager rankings through Nov. 15 for the different ABS sectors, including real estate, credit cards and autos
November 1 -
Trepp’s CMBS delinquency rate hit a new low of 8% in October, a level this asset class hasn’t seen since early 2010.
November 1
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Direct exposure to either J.C. Penney or Sears is typically highest in seasoned deals where there are only a small number of loans remaining, and one is secured by a retail property.
November 1 -
There's been a resurgence of issuance in bonds backed by both shipping container leases and aircraft operating leases. They share keysimilarities: highly cyclical industries, utilization and lease rate dynamics, and weak(er) lessee profiles/concentrations.
November 1 -
A pick-up in structured finance transactions from life insurance companies based in New York is likely to happen soon because the state recently decided to stop testing a new framework for calculating reserves.
November 1 -
A pick-up in structured finance transactions from life insurance companies based in New York is likely to happen soon because the state recently decided to stop testing a new framework for calculating reserves.
November 1 -
Banks have been slow to make credit cards available again to subprime borrowers; that's starting to change.
November 1 -
Card issuers are again lending to weaker borrowers; It’s just a matter of time before the receivables show up in trusts.
November 1 -
Card issuers are again lending to weaker borrowers; It’s just a matter of time before the receivables show up in trusts.
November 1