Since 2013, CLO Managers have been issuing notes with rates that are initially low, but step up after 18 to 24 months, betting that they can refinance them more cheaply; so far their success has been mixed.
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The first offering of commercial mortgage bonds to hit the market post-Labor Day comes from JP Morgan Chase, which is securitizing a $900 million portion of a $1.2 billion loan on an iconic Manhattan office building at 9 West 57th Street.
September 6
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Ford Motor Co. is securitizing its second round of German auto loans this year in a 541.7 million pool of both private and commercial borrower receivables tied to significant balloon payments.
September 6 -
The earthquake that struck central Italy on Aug. 25 will have limited impact on bonds backed by residential mortgages or loans to small and medium-sized enterprises, according to DBRS.
September 6 -
The slow start to Fifth Third's 3%-down mortgage illustrates some of the logistical challenges with such programs, which are on the rise across the industry.
September 6
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Seven New York counties are issuing another $292 million of bond backed by tobacco settlement payments
September 2
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Issuance volume of asset-backed securities for the year through September 2, 2016.
September 2 -
Underwriting league tables for asset-backed securities for the year through September 2, 2016.
September 2 -
A wave of maturing commercial mortgages is set to crest next year, and. Kroll Bond Rating Agency reckons that roughly a quarter of these 1,803 loans may have difficulty refinancing, resulting in what is known as a maturity default.
September 1 -
The Pennsylvania Higher Education Assistance Agency is making its first trip to the securitization market in over a year.
September 1 -
Mercedes-Benz Financial Services USA is preparing its first captive-finance loan receivables securitization of the year, in a $1.24 billion transaction that could be upsized to $1.5 billion.
September 1
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Amazon.com and Wells Fargo on Wednesday ended their partnership to offer college students a discount on private student loans, quickly abandoning what the bank lauded just six weeks ago as a "tremendous opportunity."
August 31 -
Caliber Home Loans is preparing a second subprime residential mortgage securitization, just months after completing their first U.S. subprime asset-backed deal of the post-crisis era. COLT 2016-2 Mortgage Loan Trust is a planned $221.3 million securitization of 510 first-lien subprime loans
August 31
