First National Holdings is planning an $87.5 million securitization of property tax liens, according to a presale report published by Kroll Bond Rating Agency.
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Could higher yields end up deepening the investor base for asset-backeds?
June 28 -
Shellpoint Partners LLC, the home lender founded by mortgage-bond pioneer Lewis Ranieri, priced its first securitization after restructuring the senior tranche on the back of investor requests.
June 28 -
Ongoing litigation may clarify on the responsibilities of trustees in residential mortgage backed securities, but market participants aren't waiting around to find out.
June 28 -
Regulators have been trying to price Fannie Mae and Freddie Mac out of their dominant shares of the secondary market for home loans. After a pair of giant price increases, the strategy may soon bear fruit.
June 28 -
Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.
June 28
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Why Sen. Al Franken’s (D-Min.) efforts at ratings agency reform are obstructed by a wall of denial.
June 28 -
Delayed draw features, which allow CLO managers to avoid paying noteholders until deals are invested, have gained momentum.
June 28 -
The trend of U.S. banks shifting their subprime mortgage servicing rights to non-bank, specialist servicers looks set to continue, according to a Fitch Ratings report.
June 28 -
The Carlyle Group issued a $461.5 million collateralized loan obligation dubbed Carlyle Global Market Strategies 2013-3, according to a Standard & Poor’s presale report.
June 27 -
Wall Street thinks it has a found a solution to jumpstart the dormant market for private-label mortgage-backed securities: bring a third-party reviewer to determine who is on the hook for bad loans.
June 27 -
Trimaran Advisors, a wholly-owned subsidy of KCAP Financial, is planning a $426.3 million collateralized loan obligation called Catamaran CLO 2013-1.
June 27 -
U.S. prime auto ABS, backed by both leases and loans, have experienced robust performance; but the subprime sector has not shared the same fate.
June 27