JPMorgan is taking a riskier route for its second jumbo prime mortgage loan securitization of 2016. Unlike the banks securitization of nonconforming fixed-rate loans in June, the assets backing the $434.1 million JPMMT 2016-2 transaction are exclusively adjusted rate mortgages. They also include a cross-section of loans not meeting qualified mortgage/ability-to-repay safe harbor protections.
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Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it's shaping up to be less lucrative than they had hoped.
September 26 -
Ditech Financial is returning to the securitization market to fund advances of principal and interest payments to mortgage bondholders.
September 26 -
Citigroup is marketing a $917 million commercial mortgage securitization, according to rating agency presale reports.
September 26 -
The portfolios structure includes a 930 million Class A notes stack carrying a floating rate coupon and provisional triple-A ratings from DBRS and Moodys Investors Service.
September 26 -
Beleaguered subprime auto lender Santander Consumer USA is once again restating its financial results dating to 2013.
September 25
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In the previous three years, DriveTime has not exceeded three auto loan securitizations in one year. With three months remaining in 2016, the subprime auto lender is already on deal No. 4.
September 23 -
Navistar Financial Dealer Note Master Owner Trust II Series 2016-1 is a $250 million notes transaction split into four classes of notes. It matches tranche-for-tranche and dollar-for-dollar the structure of its previous transaction in July 2015.
September 23 -
Issuance volume of asset-backed securities for the year through September 23, 2016.
September 23 -
Underwriting league tables for asset-backed securities for the year through September 23, 2016.
September 23 -
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


