Conns Receivables Funding 2016-B is comprised of three tranches of notes sized at $552.78 million, including $391.84 million in Class A notes receiving a provisional BBB rating from Fitch Ratings. Fitch has capped the senior notes because of Conns higher loan defaults, management changes and credit-risk profile deterioration in recent years.
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Late payments on securitized commercial mortgages climbed again in October, as they have for seven of the past eight months.
November 2 -
A first-lien mortgage loan issued for the new State Farm Mutual Insurance regional headquarters building in suburban Dallas, Tex., is being collateralized for a single-property securitization.
November 2
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The Loan Syndications and Trading Association announced Monday that the new so-called delayed compensation standards have resulted well over 90 percent compliance in stricter settlement windows for secondary par trades.
November 2 -
Citigroup Global Commercial Mortgage Trust 2016-3 is a $756.4 million asset-backed pool of 44 fixed-rate loans secured by 72 commercial properties. Forty-four of the properties in the pool are hotels or office, all tied to loans originated within the last five months.
November 2 -
Freddie Mac's credit risk transfers come with a hefty price tag, but are ultimately still worth it, according to Chief Executive Don Layton.
November 1
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Velocity Commercial Capital is marketing its second small balance commercial loan securitization of the year.
November 1 -
KeyBanc Capital Markets, the investment banking arm of Cleveland-based KeyCorp, has expanded its fixed income platform with the addition of a five-person asset-backed team from BB&T Capital Markets.
November 1 -
Morgan Stanley, Wells Fargo and Bank of America are marketing $725.6 million of commercial mortgage bonds designed to meet requirements from regulators on both sides of the Atlantic to keep skin in the game of their deals.
November 1 -
Diamond Resorts is preparing its first offering of bonds backed by timeshare loans in nearly a year, according to Kroll Bond Rating Agency. A lot has happened in the meantime.
October 31 -
This year, industry heavyweights Goldman Sachs, Wells Fargo and Quicken all burst onto the digital lending scene. These big firms may have been latecomers, but their timing was still good, since they came to market amid rising doubts about many of the online lending sector's early entrants.
October 31
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Credit Suisse is marketing bonds backed by a $280 million floating-rate mortgage collateralized by 27 standalone retail properties leased to Mills Fleet Farm.
October 31 -
The latest securitization of single-family rental properties by Colony American Finance is also the smallest to date for the REIT-affiliated lender. Colony American Finance 2016-2 is a securitization of 71 multi-borrower loans it originated included in a pool sized at $187.9 million, secured by mortgages of 2,717 rental units of single-, 2-4 and multi-family properties.
October 31
