The Justice Department and the Securities and Exchange Commission have both filed civil lawsuits against Bank of America alleging that the financial institution defrauded investors about the riskiness of $850 million in residential mortgage-backed securities.
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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
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F. Van Lanschot Bankiers is working on a new prime Dutch RMBS issue, Lunet RMBS 2013-I, according to a Standard & Poor’s presale report.
October 17 -
The European Commission and European Investment Bank plans to stimulate SME lending via securitization could be ready by January 2014, according to an Economic and Financial Affairs Council.
October 17 -
Sallie Mae said today during its 3Q 2013 conference call that its Federal Family Education Loan Program (FFELP) residual securitization sales have demonstrated good value.
October 17 -
Consumer loan demand weakened slightly in the third quarter in some parts of the country while others saw a small boost, according to the Federal Reserve Board's Beige Book.
October 16 -
The shorter the time a loan is in special servicing, the higher the recovery rate, according to a new analysis from Moody's Investors Service.
October 16 -
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CVC Credit Partners is preparing a $490 million collateralized loan obligation, according to rating agency reports.
October 16
