Darien Rowayton Bank with a fledging student loan refinancing program for graduates of prestigious medical, business and law schools is issuing a $176 million securitization of three-classes of fixed- and floating-rate loans.
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Risk-off is never good for structured finance, and the reaction to Britains vote to leave the European Union is no exception.
June 27 -
Ginnie Mae for the first time surpassed Freddie Mac in total outstanding mortgage securities backed by single-family loans, according to researchers at the Urban Institute.
June 26 -
Cabela's Master Credit Card Trust Series 2016-1 was set with a $570 million fixed-rate Class A-1 tranche with a 1.78% coupon, and a $280 million floating-rate Class A-2 tranche at 85 basis points over the one-month Libor rate.
June 24 -
Issuance volume of asset-backed securities for the year through June 24, 2016.
June 24 -
Underwriting league tables for asset-backed securities for the year through June 24, 2016.
June 24
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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 -
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

