The recently revised HARP has narrowed the differences between Fannie and Freddie’s refinancing programs and their prepayment speeds
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Increased new issue volumes and near record lows in the consumer ABS spreads have led to slightly wider spreads in both the primary and secondary markets, according to two securitization market reports.
October 16 -
It's been a very active year for non-traditional ABS. Almost $19bn in issuance year to date; higher than the full year in this space for any year since 2007, according to figures reported by Barclays.
October 16 -
Kroll gave the $189.2-million A tranche of the $272.75 million transaction a ‘AAA (sf)’ rating.
October 16 -
Natixis will acquire McDonnell Investment Management, the Oak Brook, Illinois-based investment advisor with approximately $13.5 billion in assets under management, the company said today in a press release.
October 16 -
A buoyant primary market in securitizations in the auto sector could fuel a 47% annual growth in issuance in 2012, said Standard & Poor’s.
October 16
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Two equipment trust deals from Macquarie Equipment Finance and General Electric Capital Corp. will add $257.6 million and $714.6mln respectively to the ABS primary pipeline this week.
October 16 -
Shellpoint Partners LLC today filed a shelf registration statement with the Securities and Exchange Commission to issue private label residential mortgage-backed securities.
October 15 -
Texas-based loans used as collateral in seasoned RMBS have a high weighted average coupon (WAC) given its housing market's stability.
October 15 -
S&P said that due to overlaps in exposure, synthetic collateralized debt obligations in Europe were at a heightened risk of synchronized ratings moves.
October 15 -
Moody’s Investors Service said Monday that it had given a provisional rating of ‘Aaa (sf)’ to roughly $750 million in a Nissan auto securitization.
October 15 - Europe
The market’s reaction so far to Spain’s downgrade by Standard & Poor’s on October 10 has been “inadequate.”
October 15 -
The Public Utilities Commission of Ohio approved an application by FirstEnergy to securitize approximately $555 million in previously approved deferred energy costs costs.
October 15