The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.
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Hyundai is in the market with a $905.406 million auto lease securitization, its third to date, according to Standard & Poor’s.
February 25 -
3i Group plc has closed on a $500 million deal dubbed Jamestown CLO II; it is a refinancing of the $400 million Fraser Sullivan CLO V.
February 25 -
JP Morgan Chase Bank will issue a $1.2 billion CMBS conduit deal call, J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10.
February 22 -
Goldman Sachs plans to issue a $900 million CMBS deal secured by the fee interest in 1515 Broadway in Midtown Manhattan, N.Y.
February 22 -
This week, once again, the release of Federal Open Market Committee meeting minutes cast a pall over the mortgage-backed securities market.
February 22
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Office Depot’s planned merger with Office Max announced on Wednesday, could lead to some store consolidation that would affect CMBS deal performance.
February 22 -
Volkswagen upsized its retail auto loan ABS by $250mn to $1.25bn and priced the deal Thursday afternoon to strong investor demand.
February 22 -
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RBC Capital Markets plans to issue a $500mn cross-border credit card ABS backed by Canadian receivables.
February 21 -
Goldman Sachs plans to issue $568 million CMBS loans backed by fixed rate loans that are secured on three malls.
February 21 -
Falling used car prices should not be a concern for auto lease ABS investors, since it is not likely to affect the rate at which leases are prepaid, according to Moody’s Investors Service.
February 21 -
Fitch Ratings warned that recent rep and warranty proposals in new U.S. RMBS deals may expose investors to added risks from “weak” underwriting and “defective” mortgages.
February 21
