The Federal Housing Administration released lender guidance spelling out the circumstances under which it will insure mortgages on properties encumbered by Property Assessed Clean Energy liens similar to tax assessments.
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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
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In an unusual move, Fannie Mae has obtained credit ratings for eight previously unrated tranches of five Connecticut Avenue Securities transactions (CAS) issued between 2012, when the program was launched, and 2015.
August 31 -
Ford Motor promoted veteran executive Joy Falotico to lead the Ford Credit lending unit, making her the first woman to run the operation that provides financing to auto buyers and dealers worldwide.
August 30 -
Colony Starwood Homes has sold a portfolio of 1,675 nonperforming loans, as it winds down its business in the space.
August 30 -
Moodys Investors Service has assigned provisional ratings to five classes of notes in STORM 2016-II B.V., a 1.15 billion pooling of 5,729 30-year home loans to consumers in The Netherlands. The sizes of the Euro-denominated notes are to be determined.
August 30 -
World Omni is braving the August hear to bring $941.49 million of notes backed by auto loans to market.
August 30 -
High investor demand for collateralized loan obligation paper is squeezing spreads to their tightest levels in more than a year, even as improving monthly CLO issuance has reached its highest level of 2016.
August 30
