The market for private credit student loans ABS opened up last week with a Sallie Mae deal that offered access to the first subordinate class of these bonds, since 2007.
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Fitch Ratings said bonds backed by rental income from the Seagram Building do not merit the 'AAA' rating assigned by Kroll Bond Rating Agency and Moody's Investors Service.
May 13 -
United Auto Credit Corporation (UACC) is getting ready to roll out a roughly $150-million securitization of subprime auto loans.
May 13 -
Redwood Trust is rolling out its seventh jumbo mortgage securitization of the year; the $453 million deal has greater seller diversity, less geographic concentration.
May 13 -
Ford Motor is prepping its second auto securitization of the year, a $1.342 billion deal backed by prime loans.
May 13 -
Brent Lewis has joined Hunton & Williams' structured finance and securitization practice as counsel in New York.
May 13
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Freddie Mac put out the bid list for its $1 billion RMBS sale today. The GSE confirmed that sale is part of a $5 billon program it will execute in 2013.
May 13 -
Bank of America Merrill Lynch priced its German multifamily CMBS Taurus 2013 (GMF 1) plc on Thursday, showing some green shoots of recovery for that market.
May 10 -
Oaktree Capital Group reported its first quarter financial results on Tuesday and said that it has launched a commercial mortgage-backed securities investment fund.
May 10 -
Major League Baseball is planning to issue $134 million of notes from its MLB Club Trust, according to a presale published today by Fitch Ratings.
May 10 -
A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.
May 10 -
More CMBS paper is on the way with the latest issue coming from the Goldman Sachs, Citigroup and Jefferies as joint lead managers on the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.
May 10 -
Citigroup plans to issue a $439.8 million single borrower CMBS transaction called CGCMT-375P.
May 9