Representation & Warranties issues may have had something to do with where JP Morgan’s priced its RMBS deal this week; but its structuring was also to blame.
-
Delinquencies on commercial mortgages that back securities inched up in May as resolutions fell, according to Trepp.
June 4 -
The Pennsylvania Higher Education Assistance Agency is prepping a $583 million securitization of Federal Family Education Loan Program loans, according to Standard & Poor’s.
June 4 -
PHH Corp. is in the market with a $450 million auto lease-backed securitization called Chesapeake Funding LLC, Series 2013-1 – its debut deal for 2013.
June 4 -
The Carlyle Group priced a 300 million collateralized loan obligation, demonstrating that regulatory concerns haven't shut the European pipeline down.
June 3 -
Moody's Investors Service thinks Sallie Mae's planned split is "credtit negative" for private student loan backed securities.
June 3
-
Mortgage modifications led to more than $1 billion of unexpected retroactive losses on 170 US RMBS, which are credit negative for these deals, according to Moody’s Investors Service.
June 3 -
Standard & Poor’s assigned preliminary ratings to the new auto loan receivables originated by Santander Consumer (UK), called Motor 2013-1 PLC.
June 3 -
HSBC and Lloyds TSB are arranging a £380 million ($580 million) CMBS that is backed by UK student housing, according to a Standard & Poor’s presale report.
June 3 -
View the year-to-date manager rankings through May 24 for the different ABS sectors, including real estate, credit cards and autos.
June 2 -
View year-to-date issuance through May 24 for ABS, MBS and CMBS.
June 2 -
The commercial mortgage-backed securities market’s near miraculous turn around and the bonds’ plunging spreads, as well as indications of deteriorating credit quality, suggest buyers should beware.
May 31 -
In late April, the Turkish Catastrophe Insurance Pool issued its first catastrophe bond; conditions would seem are ripe for other emerging markets to follow suit.
May 31