The rating agency has changed the way it assesses the risk of combo notes, a hybrid debt and equity instrument, to account for what happens to them when a deal is refinanced. This could result in downgrades on existing combo notes issued by 38 collateralized loan obligations. It could also complicate the way future combo notes are structured.
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Much like President-elect Donald Trump himself, expected Treasury Secretary-designate Steven Mnuchin represents something of a question mark for the financial services industry when it comes to his agenda
November 29 -
Santander Consumers UK operation is securitizing its first batch of originated British auto loans in over 18 months.
November 29 -
New Residential is securitizing another portfolio of residential mortgages that it acquired through cleanup calls on other private label deals, according to DBRS.
November 29 -
Citigroup is marketing $913.4 million of commercial mortgage bonds with heavy exposure to retail properties.
November 28 -
The 2,517 loans in the Towd Point Mortgage Trust 2016-5 pool include a 77.8% share of well-seasoned, modified loans, of which 69% have had no delinquency for at least 24 months.
November 28
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FICO says it is experiencing wider use of its credit-scoring models for the securitization of equipment installment plan receivables by wireless carriers.
November 28 -
GE Capital Aviation Services is marketing $709 million of notes backed by aircraft leases, according to Kroll Bond Rating Agency.
November 27 -
SCF Realty Capital, a lender that specializes in single-tenant properties, launched its first commercial mortgage securitization on Nov. 22.
November 27 -
Issuance volume of asset-backed securities for the year through November 25, 2016.
November 25 -
Underwriting league tables for asset-backed securities for the year through November 25, 2016.
November 25 -
The administrators selected by the president-elect have been grouped into "landing teams" who will collect information on each agency, ranging from the agency's budget and policies to the status of various rulemakings and the current administration's priorities.
November 23

