Europe's first collateralized loan obligation after the financial crisis, called Cairn CLO III B.V., has features that are common in U.S. CLOs issued over the past two years that limit credit risk, according to a Moody's Investors Service.
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More CMBS paper is on the way with the latest issue coming from the Goldman Sachs, Citigroup and Jefferies as joint lead managers on the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.
May 10 -
Citigroup plans to issue a $439.8 million single borrower CMBS transaction called CGCMT-375P.
May 9 -
The Consumer Financial Protection Bureau is pushing for private student lenders and the government to help lower payments for borrowers after receiving thousands of complaints from consumers.
May 9 -
EverBank, which recently issued its first jumbo mortgage-backed security, plans to become a regular issuer and is close to another deal.
May 9 -
Mexican President Pena Nieto's affordable housing policies may have negative consequences for existing private-sector RMBS, according to Fitch Ratings.
May 9
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Pacifica Companies said it has selected BSI Financial two service two of its securitizations, real estate asset trust 2013-1 and asset-backed notes series 2013-1.
May 9 -
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There are a number of possible ways for the Federal Reserve to unwind its mortgage-backed securities purchases, but reverse repurchase sales would be outcome, according to a panelits at the Mortgage Bankers Association's National Secondary Market Conference Wednesday.
May 8 -
Capital One priced its $700 million Capital One Multi-Asset Execution Trust (COMET) 2013-2 credit card ABS deal to strong investor demand.
May 8 -
GC Securities expects catastrophe (cat) bond issuance to come within reach if not exceed the $7 billion record hit in 2007, according to a release from the boutique investment bank.
May 8 -
Issuance of prime auto ABS is falling short of the pace set in 2012, and Wells Fargo says this may be partly explained by the fact that more consumers are opting to lease, rather than buy, new vehicles.
May 8 -
Hyundai Capital America plans to issue $512 million of asset backed securities from its floorplan master trust structure, according to Moody’s Investors Service.
May 8

