Three RMBS trustees, representing bondholders, filed a lawsuit to prevent Richmond from using eminent domain powers to seize mortgages and write down balances.
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Shellpoint said it made the decision based on the “substantial pricing disconnect” between the whole loan and new issue RMBS secondary markets.
October 22 -
J. G. Wentworth has closed on a $212.7 million issue of bonds backed by structured settlement payments, lottery receivables and annuity payments.
October 21 -
How the U.S. Mortgage Agencies Will Handle the Next Federal Government Shutdown
October 21 -
Deutsche Bank and Cantor Fitzgerald are marketing a $1.2 billion of bonds collateralized by 63 commercial mortgage loans, according to Kroll Bond Rating Agency.
October 21 -
The Carlyle Group priced its fourth collateralized loan obligation of the year Friday, bringing U.S. issuance for the year to date to $62.6 billion, according to Thomson Reuters LPC.
October 21
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A pack of auto-related securitizations totaling over $4 billion are heading for the market, according to pre-sale reports from Fitch Ratings.
October 21 -
SourceMedia, a B2B information and marketing company, has promoted Harry Nikpour to Vice President of its Capital Markets Group.
October 18 -
JP Morgan is lead manager on the deal, World Omni Automobile Lease Securitization Trust 2013-B.
October 18 -
Banque PSA Finance, a fully owned subsidiary of Peugeot S.A. is marketing its third German auto lease securitization.
October 18 -
GE Capital is preparing $746.576 million of notes backed by equipment loans, according to a regulatory filing.
October 18 -
First National Bank of Omaha is planning to issue a $328.95 million bank credit card ABS through its First Bankcard Master Trust.
October 17 -
Shellpoint, the home lender founded by mortgage-bond pioneer Lewis Ranieri, removed loans made to foreign nationals from its RMBS deal dubbed Shellpoint Asset Funding Trust 2013-2.
October 17