Delinquencies on securitized timeshare loans increased to 3.55% in the fourth quarter of from 3.28% in the third quarter, according to the latest index results from Fitch Ratings.
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Cantor Fitzgerald said today it has added four structured credit professionals and is planning expand the business to underwrite new collateralized loan obligations in the U.S. and Europe.
May 15 -
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Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.
May 14 -
A range of voices in the structured finance industry spoke against a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act at a panel convened by the Securities and Exchange Commission.
May 14 -
Ocwen’s Home Loan Servicing Solutions is marketing two servicer advance receivables-backed securitization deals, Series 2013-T2 and Series 2013-T3 that will issue a combined total of $850 million.
May 14
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West Bromwich Building Society announced the first investor-placed prime U.K. RMBS of the year— a £380 million ($579 million) senior tranche from the deal Kenrick No. 2.
May 14 -
Nissan Motor Acceptance Corporation plans to issue an $800 million auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A.
May 14 -
The American Securitization Forum and the Structured Finance Industry Group will both speak against the Franken Amendment at the U.S. Securities and Exchange Commission ratings agency roundtable event in Washington D.C.
May 13 -
See results from the Mortgage Bankers Association's Refinance and Purchase Indexes for the week ended April 10 as well as the weekly mortgage rates surveyed by Freddie Mac for the week ended April 11.
May 13 -
Wells Fargo and RBS plan to issue a $1.4 billion conduit CMBS deal called WFRBS Commercial Mortgage Trust 2013-C14 that is backed by 73 fixed rate commercial mortgage loans that are secured by 99 properties.
May 13 -
Comenity Bank, formerly World Financial Network Bank, plans to issue a $526.3 million securitization from its credit card master note trust.
May 13 -
Fitch Ratings said bonds backed by rental income from the Seagram Building do not merit the 'AAA' rating assigned by Kroll Bond Rating Agency and Moody's Investors Service.
May 13