The ratings agency raised its rankings of Ocwen as a residential mortgage prime, subprime, special and subordinate-lien servicer to average from below average, S&P said in a news release Tuesday. Similarly, Ocwen's rankings as a commercial mortgage special servicer and a small-balance commercial mortgage primary and special servicer were raised to average from below average.
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In its new 2016-4 transaction, Towd is collateralizing 3,383 formerly troubled loans with a pool balance of $649.21 million into a nine-note structure. The pool includes 39% dirty current loans, or those which are paid up-to-date, but have had a recent delinquency or incomplete paystring.
September 23 -
Fannie Mae and Freddie Mac want to make it easier for owners of older apartment buildings to make energy efficient upgrades.
September 22 -
J.P. Morgan Mortgage Trust (JPMMT) 2016-3 is a $395.4 million notes structure consisting of 553 loans for homes primarily in California and major cities like New York, Boston and Washington, D.C. Fitch has issued preliminary 'AAA' ratings to the senior notes.
September 22 -
Freddie Mac is taking advantage of favorable market conditions to tee up another offering of securities transferring the credit risk of residential mortgages that it insures.
September 22 -
It's shaping up to be a solid year in the U.S. housing sector. But beneath this calm surface, the U.S. mortgage industry is facing a crisis.
September 22
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Wells Fargos new commercial mortgage securitization of $757.1 million in notes includes backing from a key property centered on gentrification efforts in Queens.
September 22 -
Fannie Mae obtained reinsurance on $14.4 billion of residential mortgage through its Credit insurance Risk Transfer program.
September 21 -
A pool of credit card receives issued by Group BPCEs Natixis Financement unit are being securitized in the second-ever issuance through the Purple Master Credit Cards, FCT in France. The 651 million transaction mostly consists of 550 million in a Class A2016-1 series of notes.
September 21 -
Citigroup is shopping $540 million of bonds backed by a portfolio of 102 self-storage facilities.
September 21 -
Zopa, an online lender based in the U.K., is marketing £138 million of bonds backed by unsecured consumer loans, according to Moodys Investors Service.
September 20 -
Some big investors are keeping their powder dry in the event that an exogenous event roils the financial markets; in the meantime, its a challenge to put money to work in assets that produce decent returns without taking on excessive risk.
September 20 -
While the U.S. CLO market sputters behind its 2015 pace, European collateralized loan obligation deals this year are leading the 2015 clip by a nose. But dont expect that comparably healthy advantage to translate into a rush of Euro-denominated deals by years end.
September 20
