A refinanced mortgage backed by the historic 85th Tenth Avenue building thats the east-coast home to Google as well as the New York birthplace of the Oreo cookie is being securitized via Deutsche Bank and Wells Fargo.
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Up to 60 auto-related securitizations, including deals issued by Santander Consumer USA, could face some residual fallout from emissions-tampering software allegations asserted against Fiat Chrysler Automobiles N.V. last week.
January 17
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Fannie Mae is readying its first credit risk transfer transaction of 2017.
January 17 -
The federal government is trying to fixing a big problem with a generous repayment plan for guaranteed student loans: borrowers often get kicked out of it when they fail to resubmit paperwork each year.
January 17 -
Moodys Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation
January 17 -
SoFi Consumer Loan Program 2017-1 is secured by a pool of $550 million in loans, and has a capital structure consisting of a $426.4 million series of Class A notes and $50.7 million in Class B notes. The A notes' 'A' rating by Kroll is a notch below the 'A+' earned in its last transaction in November.
January 13
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The Trump administration gave the first clear sign Thursday that it intends to dismiss Consumer Financial Protection Bureau Director Richard Cordray.
January 13
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Citibank plans to issue $500 million of two-year notes backed by credit card receivables, according to regulatory filings.
January 13 -
The $1.57 billion Ford Credit Auto Owner Trust 2017-A is lauded by Moodys Investors Service for its high weighted average FICOs (736) and as a strong follow-up to its last transaction (FCAOT 2016-C) that also featured slightly stronger pool characteristics.
January 12
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A combination of loosened covenants, minimal call protections and aggressive, U.S.-style dry powder leveraging strategies have produced the most sponsor-friendly market for European leveraged loans since the financial crisis, according to a new report from U.S.-based Covenant Review.
January 12 -
DBRS, which recently expanded its scope of ratings coverage to include European corporates, has filled a new managing director role over its European structured finance team with the veteran analyst in commercial mortgage structured finance.
January 11 -
Total global funding raised by public companies for solar-sector energy projects fell to $9.1 billion in 2016, a 64% decline from 2015 investment levels, according to a report issued by a key industry consultancy.
January 11
