Morgan Stanley and Citigroup were among a trio of commercial mortgage securitizations with presale reports issued Monday. Morgan Stanley is securitizing a pool of commercial mortgages in a $719.8 million asset-backed structure. Citigroups Commercial Mortgage Trust 2016-C2 is a $609.17 million syndicate conduit transaction that includes consortium of large loan properties.
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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
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Two recent court decisions that curtailed controversial debt collection and payday lending policies could wind up impacting leading marketplace lenders, no matter their distance from such abusive and predatory practices.
September 20 -
The expanding investor base for Connecticut Avenue Securities and Structured Agency Credit Risk notes is creating a kind of virtuous circle: as trading volume increases, banks are dedicating traders to the asset class
September 20 -
For investors who were intrigued by the launch of Verizons first-ever handset securitization offering in July, an executive for one of the deals underwriters deal had a message: Stay tuned.
September 20 -
Early fears that Wall Street landlords might have trouble refinancing their holdings of large portfolios of single family rental homes have proven unfounded.
September 19 -
The subprime auto lender Santander Consumer Holdings USA has made two key leadership moves as it faces ongoing accounting problems.
September 19 -
Unfavorable court decisions, heightened regulatory attention and a thumbs down from famed Big Short personality Steven Eisman are making no dent in the enthusiasm for marketplace lending (MPL) securitization.
September 19 -
Moody's Investors Service has concluded its ratings review on 31 securitizations of federally guaranteed student loans sponsored by Navient Solutions to account for the slower rate of repayment of the collateral.
September 18