The $2-per-pack increase boosts the cost for California smokers by 35%, which Moody's said will decrease cigarette consumption across the country because California comprises 10% of total U.S. cigarette consumption.
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Issuance volume of asset-backed securities for the year through December 23, 2016.
December 23 -
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
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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
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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 -
Citizens Financial Group in Providence, R.I., said Tuesday that it expects to start offering digital small-business loans in mid-2017.
December 20 -
Smaller companies that perform residential mortgage servicing are rapidly growing their loan portfolios and not just in the default servicing space, according to Fitch Ratings.
December 20 -
Last week the European arm of Pinebridge Investments refinanced the Euro-Galaxy III CLO, a collateralized loan obligation originally issued in 2013, to reprice the entire transaction, according to Standard & Poor's.
December 19
