Spain’s Royal Decree Law 20/2012, which became effective on July 14, allows covered bonds to be backed by loans that finance export as well the as international expansion of Spanish firms. The new law offers further proof that the country’s banks have much fewer options in terms of traditional assets to support these bonds.
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Cornerstone Real Estate Advisers has opened a Tokyo office that will be headed by directors Kelly Hayes and Peter Gensheimer.
September 10 -
Credit Agricole Public Sector is in the market with a covered bond backed by export loans guaranteed by export credit agencies of highly-rated sovereigns.
September 10 -
The$250mln CMBS called COMM 2012-LTRT will be issued by General Growth Properties, Kroll Bond Rating Agency said today.
September 10 -
Redwood Trust is back in the market with a fourth RMBS deal of 2012 called Sequoia Mortgage Trust 2012-4.
September 10 -
Delinquencies for U.S. timeshare ABS have normalized at their historical levels following increases that occurred in 2008 and 2009, according to a Fitch Ratings report released today.
September 10
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Prepayment speeds were faster than expected in August, particularly along 3.5% and 4.0% coupons and moderately seasoned 4.5s.
September 10 -
BMW Financial Services launched a $783 million securitization from is dealer floorplan master owner trust.
September 10 -
Fitch Ratings said that not like other traditional CMBS deals, all collections are aggregated and applied to one waterfall.
September 7 -
Depositories will continue to enjoy robust residential gain-on-sale margins through the third quarter, increasing both revenues and earnings, Credit Suisse said.
September 7 -
Wells Fargo Bank has various controls and procedures in place to handle the onslaught of modified CMBS loans returned from special servicing, Fitch Ratings said in a just-released report on the bank's servicing platform.
September 7 -
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The first week of September was really about the last two days. The European Central Bank made a monetary policy decision on Thursday while Friday's employment report increased the chances that the Fed will implement QE3 this month.
September 7
