The $1 biillion (upsized from $500 million) class A notes priced at one-month Libor plus 42 basis points. The $53.57 million (upsized from $26.79 million) class B notes priced at one-month Libor plus 70 basis points.
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View year-to-date issuance through Oct. 25 for ABS, MBS and CMBS.
October 1 -
FeatherStone Investment Group said it has selected a “major Wall Street investment bank” to act as underwriter and distributor for its first single family rental home securitization conduit.
October 1 -
View the year-to-date manager rankings through Oct. 25for the different ABS sectors, including real estate, credit cards and autos.
October 1 -
The Securities and Exchange Commission and the Commodity Futures Trading Commission, could both be forced to close if lawmakers don't come to a resolution — potentially hamstringing several interagency efforts, including the Volcker rule and a host of derivatives rules that have yet to be finalized.
October 1 -
Consumer Portfolio Services has closed its third term securitization in 2013, a $205 million subprime auto loan deal.
September 30
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Reperforming loan securitization volumes could get a boost from a large scale deal the Carlyle Group is reportedly working on, according to a Bank of America Merrill Lynch research report.
September 30 -
A bid by regulators to soften capital requirements on securitizations would make the rules less onerous and more market friendly.
September 30 -
The delinquent unpaid balance of securitized commercial mortgage loans continues to shrink dropping to a 12-month low in August, according to Morningstar, while foreclosure activity increases.
September 30 -
J.C. Penney’s unexpected decision to raise capital sparked some concern among investors in commercial mortgage backed securities, as the retailer is the second largest tenant in this market, according to J.P. Morgan.
September 30 -
JP Morgan is in the market with a $575 million commercial mortgage-backed securities deal backed by 51 extended stay, limited service and fill service hotel properties.
September 27 -
The Federal Housing Administration is facing a bailout for the first time in its almost 80-year history, raising a host of fresh questions about the potential for standalone legislation to the reform the agency
September 27 -
Spreads on triple-A tranches of new CLOs are likely to tighten by 10 to 15 basis points by the end of the year, according to Wells Fargo.
September 27