Analysts at Bank of America Merrill Lynch have a beef with new rules from the Basel Committee on Banking Supervision (BCBS) that spell out how much regulatory capital needs to be set aside for securitizations.
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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
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United Auto Credit Corporation (UACC) is getting ready to roll out a roughly $150-million securitization of subprime auto loans.
May 13 -
Redwood Trust is rolling out its seventh jumbo mortgage securitization of the year; the $453 million deal has greater seller diversity, less geographic concentration.
May 13 -
Ford Motor is prepping its second auto securitization of the year, a $1.342 billion deal backed by prime loans.
May 13 -
Brent Lewis has joined Hunton & Williams' structured finance and securitization practice as counsel in New York.
May 13
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Freddie Mac put out the bid list for its $1 billion RMBS sale today. The GSE confirmed that sale is part of a $5 billon program it will execute in 2013.
May 13 -
Bank of America Merrill Lynch priced its German multifamily CMBS Taurus 2013 (GMF 1) plc on Thursday, showing some green shoots of recovery for that market.
May 10 -
Oaktree Capital Group reported its first quarter financial results on Tuesday and said that it has launched a commercial mortgage-backed securities investment fund.
May 10
