New Residential is marketing another $301 million securitization of re-performing mortgage loans, according to Moody's Investors Service.
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Recently allegations of fraud against Lending Club and several Chinese marketplace lenders have some observers calling for more daylight on the loans sold on these marketplaces. Specifically, they're floating the idea of a technology and service that would register and track ownership of the loans and validate basic facts about them and the borrowers.
July 8 -
Issuance volume of asset-backed securities for the year through July 8, 2016.
July 8 -
Underwriting league tables for asset-backed securities for the year through July 8, 2016.
July 8 -
Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.
July 8 -
Dell Financial Services is prepping its first equipment-lease securitization of the year, with a transaction that slightly dilutes the concentration of large-enterprise contracts among its obligors.
July 7
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BMW of North America's owner trust is issuing its first auto-loan securitization in nearly two years, while CarMax is coming out with its second of 2016. Also, Nissan is planning to issue its first dealer floorplan ABS of the year.
July 7 -
New rules designed to stop U.S. companies from moving their tax addresses offshore are so written so broadly that they could disrupt the securitization market, a trade group warned Thursday.
July 7 -
Enterprise Fleet Management is tapping the securitization market for the second time this year.
July 7 -
The Blackstone Group recently got $556.4 million in loans on the 1,047-room Waldorf Astoria Boca Raton Resort & Club, paying off debt it had taken out just three years earlier, cashing out $136.5 of equity in the process.
July 6 -
Sierra Timeshare 2016-2 Receivables Funding is a $300 million, two-tranche notes offering that is secured by more than 14,000 loans through company subsidiaries Wyndham Vacation Resorts and Wyndham Resort Development Corp.
July 6 -
The Federal Housing Finance Agency has opened the door to experimenting with front-end credit risk transfer transactions, but it is not wide enough for some market players.
July 6




