JP Morgan is lead manager on the deal, World Omni Automobile Lease Securitization Trust 2013-B.
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Community Bank System in DeWitt, N.Y., will take a $6.9 million loss in the fourth quarter after selling collateralized-debt obligations and other securities in response to concerns over the Volcker Rule.
December 31 -
Lenders wrote off $13.6 billion in student loan debt between January and August, a 46% increase from one year earlier and the highest amount for an equivalent period in eight years, according to Equifax
December 31 -
First-time collateralized loan obligation managers entered the game in droves in 2013, and participants expect the trend to continue in 2014, even if risk-retention regulation will make it more difficult for smaller firms to keep playing.
December 30 -
The country could begin issuing under its new covered bonds legislation as soon as the law comes into force in March 2014, according to Fitch Ratings.
December 27 -
Solid demand for tank cars will support railcar securitization issuances over the next two years, according to a roundtable hosted by Standard & Poors.
December 27
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Rising interest rates and the end of the refinancing wave could reduce agency MBS issuance by more than 30% next year.
December 27 -
Banking regulators have until Monday to respond to a lawsuit filed by the American Bankers Association over the Volcker Rule.
December 27 -
The sale will result in an after-tax charge of approximately $900,00, or 12 cents a share, to the companys fourth quarter net income.
December 26 -
Nothwithstanding the concern about some looser underwriting of commercial mortgage-backed securities, the CEO of Cantor Commercial Real Estate is very bullish about the potential for 2014 issuance.
December 26 -
The issuer's first transaction securitizes the cash flows generated by over 100 individual wind, solar and energy efficiency installations, all with investment grade obligors.
December 26 -
Banks and money managers are seeking further guidance on the impact of the Volcker Rule on collateralized loan obligations
December 24 -
Standard & Poors said Tuesday that it expects the performance of the collateral that backed commercial securitizations to remain stable in 2014.
December 24