Spreads on asset-backed securities narrowed sharply across the board in 2012; as justified as this was, some sectors are already looking rich, according to participants at the ASF 2013 conference.
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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
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The Securities and Exchange Commission is pressing large banks to provide investors with more accurate information about structured notes.
April 16 -
Paul Jenison has joined Finacity Corporation as part of the firm’s effort to expand its business of securitizing and funding consumer receivables.
April 16 -
THL Senior Credit Strategies is in the market with its fifth collateralized loan obligation, according to a presale report by Standard & Poor’s.
April 16 -
Global issuance of commercial mortgage-backed securities (CMBS) is on a tear, according to stats from Dealogic.
April 15 -
Commercial Credit Group is preparing a $194.47 million securitization of equipment loans and leases, according to a presale report published by Standard & Poor’s.
April 15 -
Arbor Commercial Mortgage has hired Barbara Duka, Peter Ginsberg and Richard Bianchi; as it continues to expand and develop its CMBS and syndication platform.
April 15 -
While the changes to Spanish law governing mortgage foreclosures are ostensibly favorable to borrowers, Moody's believes they are credit neutral for Spain’s RMBS.
April 15
