Kevin Palmer, senior vice president of credit risk transfer at Freddie Mac, holds that the timing of transactions offloading the risk of default on mortgages is less important than what he terms reimbursement risk."
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Fannie Mae priced its second offering of the year of Connecticut Avenue Securities transferring the credit risk on mortgages that it insures.
March 22 -
LCM Asset Management, American Capital and Telos Asset Management added three collateralized loan obligations totaling nearly $1 billion to the new issue pipeline Friday, according to rating agency reports.
March 21 -
Fitch Ratings believes that the market disruption caused by mortgages that fail to comply with a new consumer disclosure rules is out of proportion to amount of risk posed to mortgage bond investors.
March 21 -
The Supreme Court on Monday asked the Obama administration to express its views in a case that has raised doubts about the business model used by many online lenders.
March 21 -
A trio of private commercial mortgage veterans announced the launch of Shelby Funding in Boca Raton, Florida.
March 20
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Social Finance's launch of a hedge fund to buy its loans should set off alarm bells among online lending cheerleaders in venture capital and stock markets; it also points the way to a long-term future for best-of-breed alternative lenders.
March 20 -
Fannie Mae said Friday it offloaded much of the credit risk on $19.5 billion of mortgages to a group of insurers and reinsurers via two Credit Insurance Risk Transfer (CIRT) transactions.
March 18 -
Provisional ratings were provided Friday to a pair of asset-backed securitizations to Apollo Aviation Group and work-vehicle fleet leasing firm Element Financial Corp.
March 18 -
Underwriting league tables for asset-backed securities for the year through March 18, 2016.
March 18 -
Issuance volume of asset-backed securities for the year through March 18, 2016.
March 18 -
Avis Rent a Car is seeking to issue up to $300 million in securitized notes, in one of its smallest securitizations of its rental car leasing contracts in years through the Avis Budget Rental Car Funding (AESOP) master trust.
March 17


