Managers of European collateralized loan obligations are under-reporting their exposure to loans that lack certain investor protections, according to Moodys Investors Service.
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UBS is marketing its first offering of commercial mortgage bonds in four years, so perhaps its no surprise that the bank is relying on a third party to take skin in the game of the deal.
May 22 -
Apollo Aviation Group will sell bonds backed by aircraft lease receivables from a $612.2 million transaction representing its fourth overall securitization.
May 22 -
The ability of federal agencies to interpret the Volcker Rule and other provisions of the Dodd-Frank Act could be a positive for advocates of deregulation.
May 22
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DRI Capital is marketing another $150 million of bonds backed by royalties flowing from pharmaceutical patents on established drugs, according to Kroll Bond Rating Agency.
May 22 -
Bayview Asset Management is marketing yet another $218 million of bonds backed by re-performing mortgages acquired last year from former subprime HELOC lender CitiFinancial Credit Corp., according to rating agency presale reports
May 19
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Nationstar Mortgage is issuing its seventh securitization of nonperforming reverse mortgages.
May 19 -
BXG Receivables Note Trust 2017-A is a $120.19 million securitization of vacation interval loans originated by timeshare developer Bluegreen Corp. and sister company Bluegreen Properties N.V. The transaction is the first of the year for Bluegreen.
May 19 -
The trend of putting ever-smaller pieces of the same commercial mortgages into multiple securitizations requires investors to be extra careful, and will inevitably make workouts of bad loans more complicated.
May 19
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Issuance volume of asset-backed securities for the year through August 18, 2017.
May 19 -
JP Morgan Chase is marketing another offering of bonds backed by a mix of conforming and jumbo residential mortgages, according to Moodys Investors Service.
May 18 -
Subprime lenders are adding $1.74 billion to the auto-loan ABS market this week in a trio of deals marking the second issuance of the year for each.
May 18 -
Hyundai Capital America is marketing its second auto-lease securitization of new Hyundai and Kia vehicles this year, totaling $1.12 billion in bonds. This is the 12th overall lease transaction for Hyundai Capital.
May 18
