U.S. District Judge Jed Rakoff ruled that Flagstar Bancorp violated agreements with Assured Guaranty Municipal to follow its own underwriting guidelines; he ordered Flagstar to pay Assured $90 million.
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Sallie Mae is marketing its second private student loan-backed securitization of 2013 via the $851 million SLM Private Education Loan Trust 2013-B.
April 23 -
Nelnet plans to issue a $765 million Federal Family Education Loan Program (FFELP) loans-backed securitization that also includes 24.6% of rehabilitated loans.
April 23 -
Moody's Investors Service is seeking comments from market participants on proposed adjustments to how it evaluates tail risk in residential mortgage-backed securities that do not have compensating support mechanisms.
April 22 -
Mortgage REIT Redwood Trust is readying its sixth private-label securitization of residential mortgages (RMBS) this year, according to re-sale reports from Fitch Ratings and Kroll Bond Ratings.
April 22 -
The Climate Bond Initiative said securitization is an ideal way to unlock further funding for the International Finance Corporation's “green” bonds.
April 22
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GE Commercial Distribution Finance Corp. plans to issue $442 million of deal floorplan asset backed noted from its GE Dealer Floorplan Master Note Trust, Series 2013-1 structure.
April 22 -
Fitch Ratings is concerned with the spike in issuance of large-loan commercial mortgage-backed securities (CMBS) in the U.S.
April 22 -
Five Ten Capital closed a $100 million financing facility with Deutsche Bank that is backed by mortgages on rental homes, with an eye towards longer term financing for its portfolios of these properties.
April 22 -
First National Holdings is planning an $87.5 million securitization of property tax liens, according to a presale report published by Kroll Bond Rating Agency.
April 19 -
The private student lending market may get a boost from the reset of the Stafford loan rate but that won’t necessarily lead to more securitization of these loans.
April 19 -
Community banks and other small mortgage lenders will have access to a new securitization platform that Fannie Mae and Freddie Mac are going to build over the next five years, according to the GSE regulator.
April 19 -
JP Morgan will issue $505 million of notes backed by the beneficial interests in a pool of four commercial mortgage loans backed by 82 properties.
April 19