Credit Suisse is prepping a $450 million term loan for retailer Lord & Taylor, according to a person familiar with the transaction.

December 2
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  • Bank of America has raised a $388 million CLO for Symphony Asset Management.

    January 20
  • Bank of America mid-week told its retail loan officers nationwide that the lender will halt, for now, originations of cash-out refinancings, citing what it calls a “surge of refinancing activity” and capacity problems.

    January 20
  • It appears that Fannie Mae and Freddie Mac are starting to see their market shares erode. The same might be said of Ginnie Mae.According to figures compiled by ASR sister publication National Mortgage News, the three mortgage guarantors accounted for 84.54% of originations in the third quarter, compared to 91.75% in 2Q.

    January 20
  • Robust attendance is expected at the American Securitization Forum's (ASF) ASF 2012 to be held in Las Vegas' ARIA hotel and convention center starting this Sunday, Jan 22. The conference will last until Wednesday, Jan 25.

    January 20
  • Europe

    Moody’s Investors Service made some drastic cuts today in the ratings of Greek structured finance deals, significantly shortening the distance between the highest rated transactions and the sovereign.

    January 19
  • Student loan giant Sallie Mae, which has had a difficult few years, reported lower delinquencies and charge-offs, and declining operating expenses, helped fuel a 14% rise in fourth quarter earnings, to $511 million.

    January 19
  • The overall character of the mortgage loans backing Redwood Trust's latest RMBS were consistent with "high-quality underwriting," said Standard & Poor's in an unsolicited commentary on the transaction.

    January 19