Carrington Holding Co. announced an agreement with certain investment funds managed by Oaktree Capital Management to fund the purchase of up to $450 million in distressed single family homes on a national basis.
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Ally Bank is going to issue a $1 billion auto transaction under its Ally Auto Receivables Trust 2012-2. For the Securities and Exchange Commission filing related to the deal, please click here.
March 2 -
KGS-Alpha Capital Markets added an investment grade corporate bond sales and trading team to its fixed income platform.
March 2 -
Home Loan Servicing Solutions (HLSS) – an entity whose sole mission in life is to buy servicing rights from Ocwen Financial Corp. – finally went public this week, raising roughly $186 million in cash.
March 2 -
More details are highlighted on bond insurer MBIA's reported losses in the fourth quarter of 2011 from yesterday's article from ASR sister publication The Bond Buyer.
March 2 -
Turning foreclosed properties into rentals on a mass scale will reduce "some of the fears that an avalanche of distressed properties" will rattle the housing market, according to a new report from Wells Fargo Securities (WFS).
March 2
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Credit card charge-offs are expected to remain low in 2012 for as long as bankcard trusts maintain their current credit characteristics, Standard & Poor's said in an emailed note this morning.
March 2 -
February closed with more of the same impressive spread tightening that CMBS experienced over the past month, according to a Trepp report.
March 1 -
Volkswagen AG has priced its €930 million ($1.23 billion) German auto loan securitization called VCL 15.
March 1 -
JGWPT Holdings named Lior Yahalomi its new chief financial officer and executive vice president.
March 1 -
Arbor Realty Trust appointed William Green to its board of directors as an independent member effective immediately.
March 1 -
After popping up eight basis points last week after holding at a record low 3.87% for three weeks, 30-year fixed mortgage rates declined five basis points to 3.90% for the week ending March 1, according to Freddie Mac's survey.
March 1 -
There's more than one kind of CLO revival underway. Issuance of CLOs in the quasi-public 144A market has picked up dramatically since the financial crisis, thanks to the strong performance of existing vehicles. But, market observers say there has also been a pick-up in issuance of CLOs that are truly private, which have proprietary structures and only a handful of participants.
March 1