Four new repriced portfolios from BlueMountain, CIFC, GoldenTree and HPS each exceeded 10x debt-to-equity ratio, compared to a three-month prior average of 9.16x on S&P rated deals.
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The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.
October 29 -
The REIT formerly known as Sutherland Asset Management is pooling loans with an average balance of $583,029 on primarily single-tenant and owner occupied properties.
October 29 -
The notes are secured by a pool of 35 mid- to end-of-life aircraft, according to Fitch Ratings. The pool has a weighted average age of 13.9 years.
October 29 -
Sales of older vehicles are on the rise and prices are headed back up, so there's more collateral available and it is also performing better.
October 29 -
The $597 million AREIT 2018-CRE2 is also slightly less concentrated than the sponsor's inaugural deal, completed in February.
October 26
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Fannie Mae has priced more securities that support a transition away from the London interbank offered rate.
October 26 -
Toyota Motor Credit Co.'s fourth prime auto loan securitization of the year boosts its volume beyond $6 billion.
October 26 -
The Austin, Tex.-based lender has privately structured and placed an undisclosed number of commercial energy-efficiency and retrofit upgrades from 10 states into a privately placed ABS.
October 25 -
Even with advanced seasoning and lighter risk load, the bank's first auto-loan securitization of the year has much higher CE than a weaker 2017 pool.
October 25 -
High property values and low mortgage rates pushed commercial and multifamily originations beyond their projected totals in 2017 to a new market peak, according to the Mortgage Bankers Association.
October 25 -
The London-based manager is including two classes of fixed-rate notes, including a rare triple-A rated nonvariable-rate tranche, in its €412 million Contego VI DAC portfolio.
October 25 -
Starting next year, the servicing giant plans to go after some of SLM Corp.'s best borrowers – at least with refinance student loans.
October 24













