The private student loan default rate remains higher than pre-recession levels despite decreasing year over year in 2013, according to Moody’s Investors Service.
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Sallie Mae said today during a conference call that plans to divide the company into two distinct businesses signals the next chapter for the student loan originator in a post- Federal Family Education Loan Program (FFLEP) environment.
May 29 -
Draghi looks to ABS market as way to lift Europe’s small businesses —and economy.
May 29 -
As the U.S. hurricane season approaches, catastrophe bond sponsors are taking advantage of a surge in investor enthusiasm to renew existing deals at much lower rates and expand or initiate programs.
May 29 -
Deutsche Bank is marketing a $500 million collateralized obligation for Western Asset Management that includes a delayed-draw tranche of notes.
May 29 -
Standard & Poor’s said in a report today that despite the weakening credit fundamentals for Dutch RMBS, collateral pools to date remain broadly stable.
May 29
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The South Texas Higher Education Authority has lined up a $104.3 million Federal Family Education Loan Program (FFELP) –backed student loan securitization deal.
May 28 -
Deutsche Bank and Cantor Fitzgerald plan to issue a $1.4 billion CMBS conduit deal called COMM 2013-CCRE8.
May 28 -
Subprime auto lender, JD Byrider plans to return to the securitization market with its $121.4 million CarNow Auto Receivables Trust 2013-1 The lender brought its inaugural issue to market last year.
May 28 -
Freddie Mac plans to issue its ninth multifamiliy CMBS of 2013, a $1.3billion transaction that is backed by fixed-rate multifamily mortgages with a 7-year term.
May 28 -
Ally Bank plans to issue a $986 million auto lease ABS called Ally Auto Receivables Trust (AART) 2013-SN1.
May 28 - Europe
Il Sole 24 ORE S.p.A., publishers of Italy’s leading business daily issued a €55 million ($71 million) trade receivables-backed securitization, the group said in a press release yesterday.
May 24 -
The issue of how long the statute of limitations runs and when the statute clock starts on representations and warranties provisions in RMBS is under active litigation and adds another layer of risk that investors must consider.
May 24