U.S. residential mortgage backed securities serviced by Nationstar will recognize about $1 billion of losses as the result of loan modifications, according to Fitch Ratings.
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Over the last three years, however, the share of portfolios of securitized European auto loans originated by non-captives has risen significantly. And Moody’s Investors Service says this trend has historically indicates a higher credit risk overall for the market.
September 13 -
Amherst Securities is preparing to issue a $1.85 million CMBS backed by non-performing loans and real estate-owned commercial properties, according to a Fitch Ratings presale.
September 12 -
Stonegate Mortgages may be the newest name added to the prime RMBS pipeline in a sector of securitization that has seen volumes increased 2.7 times compared to 2012.
September 12 -
Shellpoint the home lender founded by mortgage-bond pioneer Lewis Ranieri is lining up its second RMBS deal of 2013.
September 12 -
Hyundai priced its $1.28 billion auto loan deal and World Omni Financial Corp. priced its $783 million auto-lease backed securitization deal.
September 12
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Sallie Mae upsized its latest Federal Family Education Loan Program (FFELP) backed ABS deal, SLM Student Loan Trust 2013-5 to $995.8 million from $747 million.
September 12 -
Citigroup and Goldman Sachs plan to issue a $989.54 million CMBS deal that is expected to price the week of Sept. 16th.
September 12 -
The deal, Textainer Marine Containers III Series 2013-1, will issue a single tranche of notes with a preliminary ‘A’ rating from Standard & Poor’s.
September 11 -
If implemented as-is, the latest risk retention proposals that U.S. regulators released August 28 will lead to changes in deal structure and credit quality in CMBS.
September 11 -
Toyota Motor Credit Co. priced its $1 billion deal dubbed Toyota Auto Receivables 2013-B Owner Trust on Tuesday evening.
September 11 -
Wells Fargo is exploring the sale of some mortgage servicing rights because the market is flush with potential buyers and it sees little opportunity to cross-sell many servicing clients.
September 11 -
Laurie Goodman has left Amherst Securities, residential mortgage-backed securities strategy group to pursue a role at the Urban Institute, full-time.
September 11
