REO to rental has come a long way in the past year, but it is still not clear what role securitization will play.
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Pramerica has adjusted the structure of a €300 million CLO it priced this month, presumably to reflect the fact that an unusually large portion of the collateral is in fixed-rate bonds, as opposed to floating rate loans.
April 17 -
Seix Investment Advisors is returning to the CLO market for the first time since the financial crisis with a $400 million deal.
April 17 -
Franklin Templeton Investments announced that David Zahn has been promoted to Head of European Fixed Income.
April 17 -
North Carolina’s Joint Underwriting Association and Insurance Underwriting Association issued $500 million Series 2013-1 notes via a new catastrophe bond shelf program, Tar Heel Re.
April 17
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The Structured Finance Industry Group has 55 members and counting. The new trade organization’s website now has a link to all of those who have joined the group.
April 16 -
Credit Acceptance Corporation is coming down the pike with a $140 million securitization of subprime auto loans, according to a presale from Kroll Bond Ratings.
April 16 -
Global Tower Partners is readying a $245 million securitization of cell towers, according to a presale report from Fitch Ratings.
April 16 -
Freddie Mac is back marketing its multifamily CMBS this year, the $1.2 billion K-026 certificates.
April 16 - Europe
Despite a weaker economy, defaults on European structured finance notes issued before the financial crisis remain well below those of comparable U.S. deals, according to Standard & Poor’s.
April 16 -
Cronos Containers will issue a $200 million securitization backed by a portfolio of sea containers, according to Standard & Poor’s.
April 16 -
Ally Bank issued $585 million of floating rate asset backed notes from its dealer floorplan master owner trust.
April 16
