Buyers of private-label mortgage backed securities still have a beef with the federal mortgage modification plan, which allows holders of a second-lien on distressed properties to jump ahead of first-lien holders in terms of payment priority.
-
Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to the JP Morgan/Barclays’ $1.34 billion CMBS conduit, JPMBB 2013-C12.
June 5 -
Covered bonds backed by loans to small and medium-sized enterprises have gained traction in Europe as and alternative to bank financing and other debt instruments, according to Moody's Investors Service.
June 5 -
The Securities and Exchange Commission approved a plan to overhaul regulation of money market funds, which are some of the biggest buyers of asset-backed commercial paper.
June 5 -
American Money Management Corp.’s latest collateralized loan obligation includes a $240 million delayed draw tranche, according to Fitch Ratings.
June 5 -
GLG Ore Hill and Anchorage Capital are each planning a $400 million collateralized loan obligation.
June 4
-
Standard & Poor’s said today that Raith Capital is set to become a more active buyer of B-piece paper in CMBS deals.
June 4 -
Delinquencies on commercial mortgages that back securities inched up in May as resolutions fell, according to Trepp.
June 4 -
The Pennsylvania Higher Education Assistance Agency is prepping a $583 million securitization of Federal Family Education Loan Program loans, according to Standard & Poor’s.
June 4 -
PHH Corp. is in the market with a $450 million auto lease-backed securitization called Chesapeake Funding LLC, Series 2013-1 – its debut deal for 2013.
June 4 -
The Carlyle Group priced a 300 million collateralized loan obligation, demonstrating that regulatory concerns haven't shut the European pipeline down.
June 3 -
Moody's Investors Service thinks Sallie Mae's planned split is "credtit negative" for private student loan backed securities.
June 3 -
Mortgage modifications led to more than $1 billion of unexpected retroactive losses on 170 US RMBS, which are credit negative for these deals, according to Moody’s Investors Service.
June 3