A mix of esoteric lease receivables from real estate, equipment and auto transport assets is being securitized through a 1.03 billion notes offering from Alba Leasing, an Italian corporate credit finance firm.
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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.
August 4 -
The Consumer Financial Protection Bureau on Thursday issued a final rule for mortgage servicers that provides greater protections to struggling borrowers, surviving family members and borrowers in bankruptcy.
August 4
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Deutsche Bank and Goldman Sachs are marketing $600 million of bonds backed by a single, newly constructed Manhattan office building, 10 Hudson Yards.
August 4 -
Hyundai is marketing its third auto lease securitization of the year, according to Fitch Ratings.
August 4
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Online lender Avant is returning to the securitization market for the first time since shedding staff and shelving expansion plans in the spring with a $200 million notes offering featuring loans with higher-quality credit features.
August 3
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Ares Management lowered the coupon on a senior tranche of its Ares Enhanced Loan Investment Strategy IR, which had stepped up twice since it was printed in 2013. It also refinanced two other tranches.
August 3 -
Hawksmoor Mortgages 2016-1 PLC is a collection of U.K. mortgage loans. More than 80% were originated by GE Moneys home lending and mortgage units, with about one-third consisting of aged, pre-crisis loans issued in 2007.
August 3 -
L Brands, a global retailer, and certain principals of The Georgetown Co., a property developer, are tapping the securitization market to do a cash-out refinancing of a super-regional retail complex in Columbus Ohio
August 3
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Late payments on securitized commercial mortgages ticked higher again in July, for the same reason they did in June: a number of large loans fail to pay off at maturity.
August 2 -
New Jersey lawmakers have called a hearing next week to grill the states student loan authority about its collection practices and lending terms.
August 2
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Foundation Finance Co., which underwrites and acquires installment loans issued by third-party home improvement contractors, is launching its first-ever collateralization sized at $178.15 million.
August 2
