Societe Generale SA is pulling back from the U.S. mortgage-bond business just two years after building out the unit, according to two people with knowledge of the matter.
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Investors continue to demand additional compensation for taking on the credit risk of mortgages insured by Freddie Mac.
March 9 -
LendKey, which manages online lending programs for banks and credit unions, has named Salil Mehta to senior vice president of credit risk and analytics.
March 9 -
The bust in oil prices has jeopardized local economies in heavy oil-sector regions of the country. Might the volatility do the same to mortgage-backed securities, should massive layoffs in the industry give rise to a surge of homeowner defaults in energy production centers? Standard & Poors thinks not.
March 9 -
U.S. CLO issuance remained muted in February, with just five deals pricing totaling $2.1 billion, according to Thomson Reuters LPC. However that was an increase from the $826 million from two deals posted in January.
March 8
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BlackRock Financial Management Inc. says it has identified 85% of the targeted portfolio for Magnetite XVII, which at this point is a highly diverse mix mostly first-lien secured loans (97.6% of the assets) from 160 obligors.
March 8 -
Mercedes-Benz is offering its first auto lease-backed securities of the year, according to Standard & Poors.
March 8 -
Ally Bank is marketing its first securitization of subprime auto loans of the year, according to Standard & Poors. It is also Allys first deal that complies with Regulation AB II
March 8 -
The Consumer Financial Protection Bureau's announcement Monday that it is accepting complaints about marketplace lenders is a sure sign it is moving toward regulating the burgeoning industry.
March 8 -
Conns Appliances is returning to the securitization market for the first time shedding $1.4 billion of delinquent and defaulted loans in September 2015 via an unrated transaction.
March 7 -
Goldman Sachs is securitizing a $1 billion in commercial mortgage refinancing a logistics companys network of temperature-controlled warehouse and distribution facilities nationwide.
March 7 -
Prices of office buildings and industrial properties are falling for the first time since the financial crisis, according to Moodys Investors Service.
March 7

