The Consumer Finance Protection Bureau's qualified mortgage regulation will provide more clarity to the definition of a qualified residential mortgage as proposed under Dodd-Frank legislation, said analysts at Fitch Ratings.
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Monex Credit Co. (MCC) will issue $75 million of precious metal backed notes.
March 26 -
Automotive Rentals (ARI) plans to issue a $453 million ABS backed mostly by fleet lease contracts for light trucks and cars.
March 26 -
National Bank of Canada plans to issue $419 million credit card receivables backed notes from its Canadian credit card trust.
March 26 -
In the week ended March 22, Moody’s Investors Service assigned new provisional or definitive ratings to seven collateralized loan obligations totalling $3.8 billion.
March 25 -
DBRS said in a report today that it declined to rate two RMBS transactions this year because of weaker representations and warranties (R&W) framework proposals in these recent securitizations.
March 25
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Blame it on the weaker reps & warranties in the $616 million transaction.
March 25 -
Deutsche Bank and Bank of America Merrill Lynch priced the $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City, according to a person familiar with the deal.
March 25 -
Auto dealership advocates are warning that costs will rise for borrowers if the Consumer Financial Protection Bureau presses banks to curtail auto loan markups determined by dealers.
March 24 -
CKE Restaurants, the parent company of Carl’s Jr. and Hardee’s, sold $1.05 billion of bonds backed by franchise royalty and license payments above initial price talk.
March 24 -
The recently announced merger of American Airlines and US Airways may create new risk for credit card securitizations tied to the airlines brand, according to two reports published this month by Moody’s Investor Service and Standard & Poor’s.
March 22 -
Newtek closed on $20.9 million of securities backed by small business loans; Guggenheim placed this issue with four institutional investors.
March 22 -
Only vulnerable super-senior classes in CMBS are exposed to the risk of interest shortfalls that affected the super senior class of Morgan Stanley Capital I, 2007-HQ13, according to Fitch Ratings.
March 21