The Justice Department is suing credit rating agency Standard & Poor's for allegedly ignoring their own standards and rating mortgage investments much higher than they should have been in years leading up to the financial crisis.
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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
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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 -
Paratus AMC formerly GMAC-RFC, priced the senior notes from its £120 million ($183 million) nonconforming deal, Virgil Mortgage No. 1.
April 18 -
Non-performing loans collateralized by commercial properties in Germany, the U.K., Ireland and Spain are attracting buyside interest, according to Ernst & Young’s 2013 NPL report.
April 18 -
The Loan Syndications and Trading Association and the Securities Industry and Financial Markets Association have jointly developed a pair of proposals to help collateralized loan obligations comply with the U.S.'s new Foreign Account Tax Compliance (FACTA) tax regulations.
April 18 -
Everbank Commercial Finance it tapped Mike Foster as a business development manager for its growing healthcare group.
April 18 -
Aspen Reinsurance launched Aspen Capital Markets and appointed Brian Tobben managing director of the newly created unit, according to a company press release.
April 18