Tobacco-industry loans are rare assets for CLOs, but Sound Point is ensuring none will go into its CLO XII portfolio for the remaining 20-month reinvestment period.
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Moody's assigned an Aa1 to the Class A notes to be issued by the $215.8 million BFNS 2019-1; that's one notch higher than the comparable tranche of its prior deal.
March 22 -
Susan Ehrlich, the fintech lender's new chief, discusses what she learned working at Amazon and Simple and how her firm is approaching consumer loans differently.
March 22 -
The $155.7 million secured combo note offering is backed by the full face value of three classes of mezzanine notes plus a majority portion of the residual notes from Oaktree's first CLO of 2019.
March 21 -
The €249 million Taurus 019-1 FR is backed by a single loan from Bank of America on a portfolio of 206 mixed-use properties leased to French electric utility EDF.
March 21 -
David Brickman will take the helm of the mortgage giant at a time of transformation in the mortgage market and housing finance policy.
March 21
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Many of the credit characteristics of Verus 2019-INV1 are similar to those of the deal Invictus completed in December, but the loans are less geographically concentrated.
March 21 -
The $503.3 million Madison Park XXXIV has a 133-basis-point spread for its $294.5 million Class A-1 loan tranche.
March 21 -
In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.
March 20 -
The boutique investment bank will retain a 45% minority stake in its former credit advisors unit, which was renamed and infused with additional capital by its new parent.
March 20 -
Unusually, all of the loans in the $374 million transaction were purchased from a single originator, Impac Mortgage.
March 20 -
There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system.
March 19 -
The refinancing also extends the reinvestment period of the $410 million Garrison BSL CLO 2016-1 by two years; the deal is non-callable for two years as well.
March 19













