Ellington Financial will use the proceeds to acquire assets such as agency MBS and non-agency RMBS.
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Fairway Outdoor Advertising has a $257 million billboard, whole-business securitization deal in the works, according to Fitch Ratings.
October 17 -
PHH Corp and Automotive Rentals, Inc. are in the market in the market with securitizations of fleet lease backed notes sized at $450 million and a $419mn respectively.
October 17 -
The U.K. is one of the few countries in Europe where securitization remains a significant funding source for mortgage originators but cheap central bank funding schemes and renewed economic deterioration could crowd out issuance and push up arrears, according to a Standard & Poor's report.
October 17 -
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
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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 -
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