Banks have been largely reluctant to securitize the auto loans they make; California Republic Bank is an exception.
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Participants at ABS East held forth on value opportunities in securitization and how increases in interest rates, loosening underwriting standards and the debt ceiling stalement ought to inform investor behavior over the short-to-medium term.
October 8 -
Sears, the other major retail tenant in retail CMBS that remains under credit stress, is listed as a tenant in 197 loans compared to 254 loans for JCPenny. The two are frequently co-anchors of securitized regional malls.
October 8 -
J.P. Morgan priced the top rated portion of its JPMCC 2013-INN CMBS about 10 basis points wide to guidance.
October 8 -
Mayer Brown announced this week that Richard Todd and David O'Connor joined its banking & finance group in London as partners.
October 8 -
Virgin Australia is readying its first issue of enhanced equipment notes, according to a presale report from Fitch Ratings.
October 8
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Fannie Mae and Freddie Mac filed paperwork Monday to merge the two companies' securitization platforms into a single unit, according to the Federal Housing Finance Agency.
October 8 -
It was predictable that ABS East would be rife with criticism of how eminent domain is being used by local governments to seize mortgages.
October 8 -
CIT Asset Management is preparing a rare sterling-denominated CLO, according to a presale report published by Standard & Poor’s.
October 7 -
Don't listen to the noise about a growing bubble in housing, said ABS East participants. There's plenty of reasons to believe there's nothing of the sort.
October 7 -
Clayton Holdings said Dan Pinero is the director of operations and Joe Oxment is the director for client services of the firm's expanded securitization group.
October 7 -
Issuance of bonds backed by aircraft leases is likely to increase as commercial airlines rely more heavily on leasing to finance new aircraft, according to Fitch Ratings.
October 7 -
Deutsche Bank is collaborating with Bloomberg on a new option adjusted spread model for agency mortgage backed securities and collateralized mortgage backed securities.
October 7