The sponsor acquired the buildings over the past 12 years; now it has obtained a mortgage on each from JPMorgan Chase for a total of $174 million.
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Energy industry clients make up 8.8% of the value of the latest pool from the master trust of Donlen Corp., a fleet management subsidiary of Hertz.
May 10 -
The large single-loan transaction covers two lab-office facilities in the Boston area's crowded life sciences corridor near MIT.
May 9 -
GM Financial is sponsoring two series of notes totaling $1.2 billion with staggered revolving periods; Hyundai Capital America's deal is its first floorplan offering in three years.
May 9 -
The loan pool includes a 9% share of Sheraton properties and 10% of Westin. MVW acquired both last September.
May 8 -
The transaction represents one of the biggest mortgage-backed bond offerings of large-balance home loans this year — behind only Wells first prime jumbo RMBS in January.
May 8
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Investors can now exchange certain existing Freddie Mac bonds for to-be-announced uniform mortgage-backed securities in preparation for the full launch of UMBS next month.
May 8 -
Santander Drive Auto Receivables Trust 2019-2 has a lower average FICO (600) and lighter seasoning (two months) compared to SDART 2019-1.
May 8 -
CLO managers are again turning to an old tool, the combo note, to attract more investors for deals’ higher-risk equity stakes.
May 7 -
The Atlanta company reported a first-quarter revenue increase of 22%, and it has established a more aggressive target for the full year.
May 7 -
The long-awaited proposal includes safe harbors to protect collectors from getting sued, but would restrict phone collection attempts and allow borrowers to opt out of receiving other communications.
May 7 -
Securitized loans originated outside the Qualified-Mortgage rule's parameters have looser underwriting guidelines than mainstream loans do today, but are more tightly underwritten than past subprime or alternative-A products, according to DBRS.
May 6 -
Private-label mortgage securitizations with variable servicing fee arrangements could become more common going forward as issuers look to increase investor cash flow while reducing the loan servicer's economic exposure, Fitch said.
May 6

















