JP Morgan will issue $505 million of notes backed by the beneficial interests in a pool of four commercial mortgage loans backed by 82 properties.
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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 -
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
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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 -
More volatile market conditions may keep most credit card securitization issuers out of the market but maturing 2008 vintage bonds could refinance once the market improves.
June 27 -
Leeds Building Society plans to issue the next investor-placed U.K. RMBS; but issuance in this once dominant sector of securitizations continues to fall below recent years as banks find cheaper funding with the Bank of England’s funding for lending scheme.
June 26 -
Louisiana State Treasurer John N. Kennedy wants a special meeting of the State Bond Commission to reconsider the state's proposed refunding of $628 million of tobacco settlement revenue bonds.
June 26