Banks are expected to start buying riskier portions of collateralized loan obligations in response to a deposit-insurance rule change that takes effect next month.
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On Tuesday, the European Banking Authority (EBA) published a consultation paper would seem to threaten the recent revival of the European CLO market.
May 23 -
Barclays has appointed Adam Yarnold head of US securitized products trading, according to a person familiar with the situation.
May 23 -
J.P. Morgan plans to issue its second RMBS deal of 2013, the $442.4 million Mortgage Trust 2013-2.
May 23 -
Freddie Mac will begin securitizing modified single-family loans, according to the government-sponsored enterprise.
May 23
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Credipar, a subsidiary of Banque PSA Finance, plans to issue the first investor-placed French auto ABS of the year, the €470 million AUTO ABS FCT Compartiment 2013-2.
May 23 -
Citibank plans to issue a follow up to its early May issue according to a deal prospectus filed with US Securities and Exchange Commission yesterday.
May 23 -
Ally Financial agreed to pay $2.1 billion to unsecured creditors of its bankrupt mortgage unit, Residential Capital, including securitization trusts.
May 23 -
FeatherStone Investment Group is working on its first securitization of rental income; the deal should be completed in the next 90 to 120 days.
May 22 -
Ohio’s FirstEnergy Corp. subsidiaries, the Cleveland Electric Illuminating Company, Ohio Edison and Toledo Edison - are planning a $505 million utility securitization.
May 22 -
A large portfolio sale by a European bank is set to test market appetite for non-agency residental mortgage-backed securities (RMBS).
May 22 -
The Federal Housing Finance Agency should require the government-sponsored enterprises to purchase loans with deeper levels of credit enhancement in exchange for bona fide reductions in guarantee fees, the Mortgage Bankers Association said.
May 21