Hawksmoor Mortgages 2016-2 plc is a British sterling-pound denominated RMBS with a £1.124 billion pool balance secured by mortgages to residential properties in the UK extended to 12,153 borrowers. Eighty percent were originated by GE's UK home-lending arms that have since sold off portfolios and exited the British mortgage scene.
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Student loan servicer Navient Corp. has extended the maturity of another $469 million of bonds backed by federally guaranteed student loans.
November 16 -
The Toronto-Dominion Bank, which hadnt structured a credit-card securitization in 13 years prior to 2016, is prepping its third multi-currency notes offering of the year secured by Canadian dollar-denominated card receivables.
November 16
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Progress Residential is refinancing another securitization of single-family rental properties.
November 16 -
A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the risk they were taking
November 16 -
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.
November 15
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Investors in commercial mortgage bonds are becoming comfortable with property assessed clean energy financing.
November 15
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Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal.
November 14 -
Shellpoint Partners is preparing its first private-label mortgage securitization in over a year, according to Kroll Bond Rating Agency.
November 14 -
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.
November 14 -
SoFi Lending Corp. is marketing its fifth portfolio of refi student loans issued to select advanced-degree professionals. Meanwhile, the Pennsylvania Higher Education Assistance Agency is packaging its second portfolio of primarily FFELP consolidated loans, a significant portion of which carry existing or prior impairments.
November 14 -
Freddie Mac is marketing its fourth offering of securities offloading the credit risk of super-conforming mortgages that it insures.
November 13 -
A Goldman Sachs affiliate submitted the winning bids in Fannie Mae's eighth nonperforming loan sale.
November 13
