The low interest rate environment and demand for high-quality, short-duration paper continued to fuel demand for auto ABS and other consumer assets in September. The market absorbed $18 billion of new issuance through Sept. 17, according to a JPMorgan Securities report published on that date.
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The deal, called Series 2012-2 is the second deal for DRI Capital this year, according to Moody’s Investors Service. The ratings agency rated both the earlier March deal and the issuer’s latest deal.
November 30 -
Interactive Mortgage Advisors is offering a package of Ginnie Mae bulk servicing rights with an option to buy upwards of $1.5 billion in added ‘flow’ rights in the next year.
November 30 -
Nelnet is marketing a $1.01 billion student loan securitization deal called Nelnet Student Loan Trust 2012-6.
November 30 -
The European Central Bank this week said it will delay the go live date of its European DataWarehouse, pushing the implementation timeline for RMBS to Jan. 3, 2013 from Dec. 1, 2012.
November 30 -
Redwood Trust said it has closed on a $291 million securitization of mezzanine loans and other subordinate commercial real estate debt.
November 29
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Freddie Mac’s efforts to support the pricing of its MBS — known as “participation certificates”— resulted in a spike in its loan and MBS purchases in October.
November 29 -
Moody’s Investors Service said in a report today that the AvalonBay and Equity Residential’s acquisition of Archstone Enterprise’s multifamily portfolio poses integration risk and will cause immediate deterioration in leverage metrics for both companies.
November 29 -
Craig Eastmond has been appointed managing director of capital markets at United Realty Capital, the company announced today.
November 29 -
JPMorgan Chase is in the market with a CMBS deal called Commercial Mortgage Securities Trust 2012-PHH.
November 29 -
Mortgage rates held near their historic lows in the week ending November 29.
November 29 -
Mercedes-Benz has issued two new deals from its dealer floorplan master trust structure.
November 29 -
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.
November 28