Morgan Stanley and Bank of America Merrill Lynch are marketing a commercial mortgage securitization that relies on the L-shaped strategy to comply with risk retention.
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Late payments on securitized commercial mortgages fell in May, bucking the trend of the past year. But all of the improvement came from office buildings.
June 1
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Domino’s Pizza, the restaurant and delivery chain owned by Bain Capital, is marketing $2.075 billion of notes backed by the fees and payments from its network 14,000 franchised stores.
June 1
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GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
May 31
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A real estate investment fund controlled by Blackstone Group is tapping the commercial mortgage bond market to refinance a portfolio of 18 life science, laboratory and medical buildings.
May 31
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Center Parcs Group, a company that operates short-break vacation sites across England, plans to sell £830 million (US$1.06 billion) in bonds backed by its operational cash flow.
May 31
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The investment bank, which co-lead the lender's previous two transactions, contributed a portion of the collateral for the $232 million student loan securitization.
May 30
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CMSC 2017-FHA1 is the first transaction of 2017 from this issuance shelf, and the deal by anyone backed by reperforming FHA mortgages since 2010, according to Moody’s Investors Service.
May 30
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FHFA Sounds Alarm on Home Loan Bank Funding, Advances
May 30
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The broad bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Tex., would provide an off-ramp for banks that agree to hold a leverage ratio of at least 10% and would gut the Consumer Financial Protection Bureau, among other provisions.
May 25
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The Massachussetts Educational Financing Authority is issuing $162.23 million of private student loan revenue bonds; Fannie Mae obtains more front-end credit risk transfer; Canadian Tire Bank taps credit card market.
May 25 -
At an industry conference Thursday, three former banking and capital markets regulators including former U.S. comptroller Eugene Ludwig joined in the chorus of industry voices doubting that any near-term relief from Dodd-Frank rules is on the table.
May 25 -
A recent challenge to the legality of leverage lending guidance could have broad implications for issuers, underwriters and investors in corporate loans. But the end result could be added complexity, rather than a wholesale easing of restrictions
May 25
