Morningstar Credit Ratings continued its push to become a one-stop ratings agency this fall, adding collateralized loan obligations to its menu of structured finance ratings. The firm issued its first public ratings for two deals in September and November.
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A decade ago, regulators were warning that CRE exposure could lead to earnings and capital volatility. Fast forward to today and regulators are expressing similar reservations, warning that areas such as multifamily could become problematic. Bankers, however, say they believe the industry is better equipped to handle an economic shock.
December 27 -
Although subprime auto lending and securitization bear similarly troubling signs to the pre-crisis housing market, they clearly do not contain the macroeconomic risks posed by the mortgage industry nearly a decade ago. But investors may still not be in the clear.
December 26 -
In case you havent been keeping track, Moodys Investors Service downgraded about half of the guaranteed student loan bonds that it had put under review this year.
December 23 -
Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them a major dispute that undermined confidence in the banks and raised questions about their turnarounds.
December 23 -
Issuance volume of asset-backed securities for the year through December 23, 2016.
December 23
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Underwriting league tables for asset-backed securities for the year through December 23, 2016.
December 23 -
President-elect Donald Trump on Wednesday tapped the billionaire investor Carl Icahn to be a special adviser on regulatory reform.
December 22 -
Issuance of U.S. collateralized loan obligations is likely to get off to a slow start in 2017.
December 22 -
Freddie Mac has moved from transferring the credit risk on newly originated loans to older loans that have been modified in order to avoid default.
December 21 -
Ginnie Mae has revised the wording of the acknowledgment agreements necessary to finance mortgage servicing rights. It sought to resolve a concern warehouse lenders had in the event issuers become troubled.
December 21 -
Prima Capital Advisors has securitized a unusual portfolio of $301.3 million of commercial real estate holdings, according to Moodys Investors Service.
December 21 -
Moodys Investors Service has confirmed or downgraded the structured finance ratings on 16 combo note CLO tranches this month.
December 20

