Frederick Buffone joined Fifth Street Management as a managing director and head of capital markets, according to a company press release.
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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
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Fannie Mae priced its inaugural issue of $675 million of bonds transferring the credit risk on mortgages that it insures.
October 16 -
Santander Consumer USA plans to issue a securitization backed by prime/nonprime auto loan receivables from its Chrysler Capital Auto Receivables Trust, the issuer’s first deal to veer away from subprime.
October 15 -
A €350 million ($473 million) catastrophe bond providing coverage for AXA Global P&C just closed,
October 15 -
Navistar is back in the market with a $200 million dealer floorplan ABS deal that has been assigned preliminary ratings by Moody’s Investors Service.
October 15 -
CarFinance is coming down the pike with a $304-million securitization of subprime auto loans. It's the company's third asset-backed ever.
October 15 -
Standard & Poor’s is considering criteria changes that would make it more difficult for a structured finance transactions to earn a rating above the "sovereign ceiling," or the rating of the nation in which it is domiciled. The proposed criteria would cut the maximum ratings differential to four notches from the current six, in most cases.
October 15 -
Until recently, the residual interest in student loan securitizations was a tough sell, but there have been at least two issues of bonds backed by excess cash in these deals, and Fitch Ratings expects to see more.
October 15
