Subprime ABS is making a comeback, mostly through auto deals. Some issuers are even doing these deals for the first time.
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A new auto fleet lease deal and equipment lease securitization join the consumer ABS primary pipeline this week.
May 21 -
The Federal Reserve Bank of New York today resumed its auction of Maiden Lane III's holdings in the Duke CDO. Bids are due on Thursday, May 24.
May 21 -
In a report released on Friday, Barclays Capital analysts highlighted the National Information Center's 1Q12 consolidated financial statements for bank holding firms.
May 21 -
Efforts to bring back a private-label RMBS market have not been quick, nor — dare I say —wholly successful at this point. But they are persistent, which is among the reasons why I think they will eventually succeed.
May 21 -
ABS sector spreads have steadily tightened over the past year, according JPMorgan Securities' most recent weekly. This tightening has been caused by both by improving credit and negative net supply.
May 21
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It might be said that over the past three years a mortgage banker couldn't give away "legacy" mortgage servicing rights. (Just ask the megabanks, especially Bank of America.) As for the new stuff, buyers were plentiful — but only at their price.
May 18 -
Standard & Poor's today released research on the role of credit ratings in the financial system.
May 18 -
This week set several new records: price highs on 30-year FNMA 3.0% through 4.0% coupons as well as lows on the 10-year note yield and 30-and 15-year fixed mortgage rates.
May 18 -
Barclays Capital says there appears to be a “floor” on 'AAA' CLO spreads, at least until there is some better news out of Europe.
May 18 -
Consumer ABS are probably going to be a higher-velocity market going forward given their shorter average-life profile, according to a presentation released this morning from Wells Fargo analysts.
May 18 -
Wells Fargo & Co. is in the market with a $200 million package of nonperforming residential loans, according to investors that have been briefed about the deal.
May 18 -
MGIC Investment Corp. has filed a lawsuit in Federal Court in Milwaukee against Freddie Mac and its conservator, the Federal Housing Finance Agency, over the pool insurance dispute between the two companies.
May 18