The trailing 12-month U.S. speculative-grade default rate rose slightly to 5.7% in August, representing the markets highest default rate since June 2010, according to Moodys Investors Service.
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The Consumer Financial Protection Bureau decried an appeals court ruling last week that found its single-director structure unconstitutional, saying the opinion was "wrongly decided" and had "no basis in the text of the Constitution or in Supreme Court case law."
October 19 -
Goldman Sachs will take "a very deliberate and methodical approach" to building its online lending platform,
October 18
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Managers are refinancing at least 13 collateralized loan obligations totaling $9 billion as the deadline to comply with risk retention approaches.
October 18 -
The second commercial mortgage securitization designed to comply with risk retention is backed by a single loan on a Manhattan skyscraper.
October 18 -
Colony Starwood Homes, a former major investor in distressed loans now focusing on managing single-family home rentals, is structuring a new asset-backed deal of SFR income offering the largest cash flow projection of any recent peer deals in the nascent asset class.
October 18
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The national headquarters building for Huntington National Bank in Columbus, Ohio, is among the 101 properties securing 60 commercial loans in an office-centric, $953.2 million securitization pieced together by Morgan Stanley, Bank of America Merrill Lynch and three other lenders/sellers.
October 18 -
Student loan borrowers face breakdowns and delays in applying for repayment plans that feature loan forgiveness or interest subsidies, the Consumer Financial Protection Bureau said in a report released Monday
October 17 -
Fitch Ratings has identified more than 1,000 properties in commercial mortgage-backed securities transactions that had exposure to Hurricane Matthew.
October 17 -
PFS Corp. is preparing a $200 million securitization of loans used to finance insurance premiums, according to Moody's Investors Service.
October 17 -
Several community lender groups are raising concerns that private mortgage insurance companies could offer volume discounts to attract large lenders, which would place midsize and smaller lenders at a competitive disadvantage.
October 14
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Issuance volume of asset-backed securities for the year through October 14, 2016.
October 14 -
Underwriting league tables for asset-backed securities for the year through October 14, 2016.
October 14
