Penske Truck Leasing Co. has completed its first asset-backed bank conduit facility with a group of six banks for $450 million.
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Westgate Resorts is planning a $94 million securitization of timeshare loans, its third transaction for 2012, according to a presale report by Standard & Poor’s.
December 13 -
JP Morgan priced its JPMCC 2012-LC9 commercial mortgage backed conduit deal on Wednesday. The transaction is the last scheduled for 2012.
December 13 -
Standard & Poor’s issued presale reports on two collateralized loan obligations this week, putting issuance for the year to date near $50 billion, by the ratings agency’s count, and near the 2005 total of $53 billion.
December 12 -
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David Kucera has retired as head of the securitization business at BMO Capital, he confirmed today.
December 12
- Europe
High capital charges for securitizations under the new Solvency II directive could lead European insurers to dramatically reduce exposure to the asset class and invest in covered bonds instead, said Standard & Poor’s this week.
December 12 -
It looks like the CFPB’s deliberations over the qualified mortgage rule will go down to the wire, with agency officials still divided over underwriting requirements that could set the standard for years to come.
December 11 -
The White House has put together a long list of candidates who might eventually replace Edward DeMarco as director of the Federal Housing Finance Agency, according to officials who have been briefed on the matter.
December 11 -
Mortgage backed securities account for the lowest share of total structured finance issuance in four years, according to data published by Dealogic.
December 11 -
Extended Stay is looking to refinance its $2.6 billion, large-loan, hotel CMBS next year, said one source familiar with the deal.
December 11 -
An even wider range of securitizations, including some ABCP and CLOs, are now exempt from a requirement to register with the Commodity Futures Trading Commission.
December 11 -
CNH Capital America filed a registration with the Securities and Exchange Commission to issue a $20 million equipment trust asset backed securitization.
December 10
