The market’s reaction so far to Spain’s downgrade by Standard & Poor’s on October 10 has been “inadequate.”
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Quantitative easing, particularly the Federal Reserve’s ongoing effort to buy mortgage-backed securities, has frustrated smaller banks that are also in the market for such assets.
December 20 -
Income based repayment plans for student loans would help improve cashflows in student loan securitization, industry sources say.
December 20 -
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Trinity Rail is planning a $333.84 million securitization of railcar leases, the company’s first deal of 2012.
December 19 -
Cadwalader, Wickersham & Taft LLP announced today that Cheryl Barnes, David Burkholder and Holly Chamberlain have been named partners.
December 19
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Consumer Portfolio Services closed on its fourth subprime auto loan securitization of the year; CPS Auto Receivables Trust 2012-D issued a total of $166 million of notes in five classes.
December 19 -
Hercules Technology Growth Capital said today it completed a $231 million collateralized loan obligation, the company’s first CLO.
December 19 - Europe
Moody's Investors Service assigned a 'Baa3' rating to the EUR155 million deal issued from the securitization vehicle set up to fund the tariff deficit in the Spanish power industry.
December 19 -
Canada Mortgage and Housing Corporation (CMHC) announced today the details of the legal framework for Canadian covered bonds.
December 18 -
J.P. Morgan on Monday priced $900 million of five-year notes backed by credit card receivables via its Chase Issuance Trust, according to a regulatory filing.
December 18 -
Carrington Holding Co. has hired Christopher Whalen to head its investment banking operations, according to the Santa Ana, Calif., mortgage banking and servicing company.
December 18 -
Neighborhood Pay Services (NPS) said it plans to expand its direct deposit platform, Rent Assurance, to distressed single family rentals that will be packaged in securitizations.
December 18
