Morgan Stanley agreed to pay $3.2 billion to end a joint federal-state investigation into its handling of mortgage-backed securities, the fourth deal to be struck in a probe of the big U.S. banks' role in the subprime mortgage meltdown and the financial crisis it spawned.
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Ginnie Mae is mulling whether to guarantee a new type of securitized-loan pool.
April 3
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Issuance volume of asset-backed securities for the year through April 1, 2015.
April 1 -
Underwriting league tables for asset-backed securities for the year through April 1, 2016.
April 1 -
DriveTime Automotive Group is marketing its second subprime auto loan securitization of the year, according to rating agency reports.
April 1 -
Hyundai Motor is marketing its first offering of the year of bonds backed by dealer inventory financing, according to rating agency reports
April 1
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The Los Angeles-based manager, a unit of Canyon Capital Advisors, is issuing its first CLO in nearly a year through Canyon CLO 2016-1. The transaction is a follow-up to the $400 million Canyon Capital CLO 2015-1 issuance in April 2015.
April 1 -
AmeriCredit Financial Services, a unit of GM Financial, is marketing its second subprime auto loan securitization of the year, according to Moodys Investors Service.
April 1 -
Winston & Strawn said this week that veteran financial services attorney Keith Andruschak has joined the firms corporate practice as a partner in New York.
March 31 -
Some of the biggest investors in mortgage bonds are asking the Consumer Finance Protection Bureau for additional clarification about their liability for purchases of loans that fail to comply with a new disclosure rule.
March 31 - Europe
The ambiguity over whether regulators favor risk sensitivity or simplicity in setting capital requirements does not help risk management efforts.
March 31 -
3i Debt Management priced a 400 million European collateralized loan obligation, according to Moodys Investors Service.
March 31
