A lawsuit filed yesterday against Nationstar Mortgage LLC aims to stop the servicer from future auctions of mortgage notes of delinquent loans backing residential mortgage securities via the website www.auction.com.
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World Omni Financial Corp. plans to issue a $903.8 million from its World Omni Auto Receivables Trust program.
May 17 -
Law firm Mayer Brown hired Lawrence Berkovich, a former counsel at Dechert, as a partner in the firm's banking and finance practice.
May 17 -
Goldman Sachs, Citigroup and Jefferies priced the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.
May 17 -
CNH Capital America plans to issue its second equipment lease ABS deal of this year, the $725 million CNH Equipment Trust 2013-B.
May 17 -
Blackstone/GSO Debt Funds is marketing a €403.55 million collateralized loan obligation, the region's third since the financial crisis.
May 16
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The pace of student loan asset-backed securitization is on track to meet expectation and Standard & Poor’s said that Federal Family Education Loan Program-backed deals dominate the new issue market.
May 16 -
Moody's Investors Service said today that it will review for downgrade the ratings of 28 tranches in eight U.K. residential mortgage backed securities transactions sponsored by Co-Operative Bank.
May 16 -
Private mortgage insurance companies and mortgage REITs are willing to take first-loss positions on government-backed MBS, according to Mortgage Bankers Association chief executive David Stevens.
May 16 -
JP Morgan plans to issue a $510 million, commercial mortgage-backed securitization deal backed by Marriott hotel properties called JP Morgan Chase Commercial Mortgage Securities Trust 2013-JWRZ.
May 16 -
Nissan Motor Acceptance Corporation priced its upsized $1.25 billion auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A. The deal was originally sized at $800 million.
May 16 -
JP Morgan Chase plans to launch two credit card ABS transactions for a total of $1 billion.
May 15 -
Comenity Bank, formerly World Financial Network Bank priced its triple-A notes from private label credit card ABS Series 2013-B on Tuesday.
May 15