The sale of the residual interest in its SLM Student Loan Trust 2007-4 ABS should not impact performance of the loans.
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Standard & Poor's Sounds Alarm on Covenant-Lite Loans in CLOs
May 1 -
Westgate Resorts plans to issue $140 million of notes backed by timeshare mortgage financings via its Westgate Funding 2013-1 securitization deal.
May 1 -
The Higher Education Loan Authority of the State of Missouri plans to issue a $970.8 million Federal Family Education Loan Program (FFELP) –backed student loan securitization deal.
May 1 -
The Trepp CMBS delinquency rate posted a 47 basis point drop in April, its lowest reading in more than two years.
May 1 -
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to move ahead with the development of a common securitization platform.
May 1
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CMBS special servicers had a busy April, liquidating $1.62 billion in loans, according to a Tuesday Trepp report.
May 1 -
Turkish Catastrophe Insurance Pool (TCIP) issued a $400 million catastrophe bond Bosphorus 1 Re Ltd. Series 2013-1.
April 30 -
The Financial Industry Regulatory Authority named Jonathan Sokobin as its chief economist and senior vice president.
April 30 -
Dealer floorplan ABS continues to gain traction as issuance volumes are boosted by rising vehicle sales and the refinancing of maturing transactions.
April 30 -
Standard & Poor’s said that, so far, credit card ABS have surpassed the $8 billion pace set in 2012 but consumer aversion to credit card debt is likely to keep issuance volumes below its forecasted $40 billion total for 2013.
April 30 -
Fitch Ratings said that student loan securitizations backed by rehabilitated Federal Family Education Loan Program (FFELP) loans tend to be riskier than non-rehab FFLEP deals.
April 30 -
Discover Bank plans to issue $550 million of credit card ABS from its Discover Card Execution Note Trust.
April 29