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.
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The latest regulatory fix to the Volcker Rule has left collateralized loan obligations out in the cold, but banks and money managers continue to push for an exemption for these instruments as well.
January 15 -
The deal is Ally Financials fifth public transaction under the Capital Auto Receivables Asset Trust program since 2008, all of which have been issued since the start of 2013.
January 15 -
Federal regulators released an interim final regulation late Tuesday that should fix a problem with the Volcker Rule that would have caused banks to take writedowns on Trups CDOs; the fix does not include CLOs, however.
January 14 -
Fannie Mae priced its second offering of Connecticut Avenue risk-sharing notes at spreads that were significantly tighter than those of its inaugural issue in October of last year.
January 14 -
A growing number of defeased loans as well as the transfer of loans to special servicing led Standard & Poors to increase Rating Agency Confirmations in 2013.
January 14
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Household indebtedness as a share of disposable income the debt-to-income ratio has continued to fall in Europe since 2009-2010, according to a report Wednesday by Moodys Investors Service.
January 14 -
DriveTime Automotive Group is planning a $267.75 million subprime auto loan securitization, DT Auto Owner Trust 2014-1, according to a presale report from Kroll Bond Rating Agency.
January 14 -
Discover Bank priced $800 million of class A, five-year notes from its Discover Card Execution Note Trust. The deal was upsized from $500 million.
January 14 -
Fannie Mae is marketing its second offering of notes designed to offload some of the risk of default on mortgages that it insures to private investors.
January 13 -
Sallie Mae is prepping its first student loan securitization of the year, the $745 million SLM Student Loan Trust 2014-1.
January 13 -
Managers arent waiting around to see if collateralized loan obligations get a last-minute reprieve from the Volcker Rule. Some recently priced deals by managers including Columbia Management Investment Advisors and Black Diamond Capital Management, have provisions for excluding investments in corporate bonds.
January 13 -
Discover Bank plans to issue up to $500 million of class A, 5-year notes from its Discover Card Execution Note Trust.
January 13