Cherry Hill Mortgage Investment Corp. has received issuer and purchase approval from Ginnie Mae, allowing it to complete a previously announced deal with Freedom Mortgage.
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Marlette Funding's next securitization may show that winning over new investors is better done through emulating, rather than disrupting, traditional bank lending practices.
March 15 -
Shellpoint is marketing another offering of private-label mortgage bonds backed primarily by loans it acquired from Bank of America, National Association, rather than loans originated by its own New Penn subsidiary
March 14 -
The monthly change for defaulted holdings in CLO 2.0s which now comprise 95% of the market for outstanding CLO issues rose 0.1% and now stand at 0.12%. The rate for CLO 1.0s rate 0.12%, now standing at 3.13%.
March 14 -
Social Finance Inc.s online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.
March 14 -
Multilease AG, the finance arm of a Swiss auto importer, is making its first strip to the European securitization market.
March 14
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JP Morgan and Deutsche Bank are relying on Massachusetts Mutual Life Insurance Co. to keep skin in their next commercial mortgage securitization
March 13 -
Navient Student Loan Trust 2017-2 is backed by federally guaranteed student loans that were once delinquent but are now making timely payments, according to DBRS.
March 13 -
Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau's Qualified Mortgage rule
March 13 -
Goldman Sachs is selling $1.02 billion of bonds refinancing the Blackstone Groups acquisition of the Willis Tower, formerly known as the Sears Tower.
March 13
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The $609.6 million GoldenTree Loan Management US CLO 1 is the first broadly syndicated loan offering from a new collateralized loan management asset firm that was launched in January after entering into a services agreement with GoldenTree Asset Management.
March 12 -
EJF Capital is preparing a collateralized debt obligation backed by securities intended to help small banks and insurance companies raise capital.
March 12 -
The real problem with missed PACE payments at Renovate America is what they might signal about underwriting - and the fact that rating agencies were not in a position to spot them.
March 12
