Insurance firm Assurant Inc. is bringing a diverse mix of low-leverage commercial mortgages to its first-ever $259.7 million securitization.
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Underwriting league tables for asset-backed securities for the year through June 24, 2016.
June 24 -
The U.S. government's decision to take all profits from Fannie Mae and Freddie Mac was the right thing to do even in light of the companies' subsequent return to profitability, a former Treasury Department official said in documents released this week.
June 23 -
Renovate America, a provider of home energy efficiency improvements financing, is planning a new securitization platform providing additional data into its capital markets transactions.
June 23 -
Bank United in Miami Lakes, Fla., has appointed two former Capital One Financial executives to lead its new equipment and franchise finance subsidiary.
June 23 -
The Canadian subsidiary of CNH Industrial is sponsoring a securitization totaling more than CAN$526 million, backed by agricultural equipment loan receivables.
June 23
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DFG Investment Advisors has raised a $100 million fund that it will use to satisfy impending regulations enacted as part of the Dodd-Frank Act requiring CLO managers to have skin in the game of their deals.
June 22 -
SG Commercial Mortgage Securities Trust 2016-C5 is the first publicly registered asset-backed commercial mortgage offering through the trust since forming its U.S. CMBS business 18 months ago, and closing its first commercial real estate loan in April 2015.
June 22 -
Spruce Finance, a provider of consumer financing for residential solar and home efficiency improvements in the U.S., has hired Darren Thompson as chief financial officer.
June 22 -
Online lender Social Finance, or SoFi, found a ready market for its inaugural rated offering of bonds backed by unsecured consumer loans.
June 22 - Europe
The Shops at Crystals, a Las Vegas luxury shopping mecca of gilded names like Louis Vuitton and Prada, is securitizing a portion of its new commercial mortgage loan in a $300 million trust notes issuance.
June 21 -
Navients next student loan securitization is backed entirely by federally guaranteed loans to borrowers who were once in arrears but are now making timely payments.
June 21

