Two Harbors, which last week announced it was getting out of private label mortgage securitization business, is marketing one last deal. The deal, Agate Bay Mortgage Trust 2016-3, is backed by 518 loans with a total balance of approximately$380.7 million, according to Fitch Ratings.
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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 -
Steve Eisman, the money manager who foresaw, and profited from, the collapse of the subprime mortgage market, hadnt attended a securitization conference since 2007. But Information Management Network, the organizer of an annual confab in Miami, clearly recognizes a good draw. It invited him to give the keynote speech Sunday.
September 18
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The pace of mortgage modifications picked up in the second quarter as a streamlined version of the U.S. governments Home Affordable Mortgage Program (HAMP) started to produce results.
September 18
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Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay
September 16 -
Issuance volume of asset-backed securities for the year through September 16, 2016.
September 16 -
Underwriting league tables for asset-backed securities for the year through September 16, 2016.
September 16 -
E-Carat S.A., Compartment 9 is comprised of two series of rated notes of undetermined size, backed by a pool of 513.5 million in loans.
September 15 -
The high volume of commercial mortgages maturing this year has left some property owners scrambling for funds to refinance. Not so for these eight borrowers, who took advantage of the strong price appreciation of their iconic office buildings, luxury hotels, super regional shopping malls, and even a portfolio of rental homes, to cash out In some cases, the tune of hundreds of millions of dollars of equity.
September 15
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Deutsche Bank may have to make additional legal provisions if a settlement with U.S. authorities over the sale of residential mortgage-backed securities exceeds $4 billion, according to analysts at JPMorgan Chase.
September 15 -
Synchrony Credit Card Master Note Trust 2016-3 Notes, an upsized $767.1 million structure of two senior classes of securitized bonds, priced near par on Wednesday at a coupon of 1.58% over Libor for the $700 million Class A notes stack, and 1.91% on a $49.9 million Class B notes slice.
September 15
