The small size and poor liquidity of lower-rated CMBS tranches have curbed demand for this paper among large buyers, said Ethan Penner, president of CBRE Capital Partners.
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Traccr has said that a structured products specialist Swiss client has executed a $5 million bespoke credit-linked note (CLN) through the firm's electronic platform.
February 28 -
The Carlyle Group said today it completed the acquisition of the management contracts of four European CLOs with total assets of €2.1 billion in from Highland Capital Management, an alternative asset management firm based in Dallas.
February 28 -
Domino's Pizza said today it plans to issue a new securitization deal that will refinance outstanding debt tied to a $1.85 billion 2007 securitization deal.
February 28 -
Huntington National Bank is planning to sell an auto transaction worth $1 billlion. For the Securities and Exchange Commission filing related to the offering, please click link.
February 28 -
Steep spreads in the Eurobond market may provide incentives for Turkish banks to issue deals backed by diversified payment rights (DPRs) this year, said Standard & Poor's in a text box accompanying a video presentation on Turkish DPRs.
February 28
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The Federal Housing Administration (FHA) is following through with its pledge to increase upfront and annual insurance premiums on its forward single-family business.
February 28 -
The backlash against the Volcker Rule has officially gone global. While U.S. banks are still up in arms about how regulators propose to implement the trading ban, the protests sound just as loud from foreign institutions and even their governments, which fear the U.S. is stepping outside its jurisdiction.
February 28 -
Fitch Ratings thinks that the decision Monday by the U.S. Appeals Court in Manhattan to send back the proposed $8.5 billion Countrywide Financial Corp. (CFC) RMBS settlement back to state court might facilitate its approval. Bank of America Corp. (BAC) bought CFC in an all-stock deal in 2008.
February 28 -
U.S. consumers are still in the process of de-leveraging, mainly by reducing their residential mortgage debt, Standard and Poor's analysts cited fourth quarter 2011 New York Federal Reserve data.
February 28 -
Bond insurer Ambac Financial Group is offering the Internal Revenue Service (IRS) $102 million to settle the agency’s $800 million claim against it.
February 27 -
Fannie Mae has hit the market with a 2,490-REO package designed for bulk investors – the first such pilot auction promised by its regulator, the Federal Housing Finance Agency (FHFA).
February 27 -
Redwood Trust – the nation’s only active securitizer of Jumbo MBS – posted a $3 million loss in the fourth quarter, compared to a profit of $15 million in the year ago period, but is promising to plough ahead in the PLS market.
February 27