CLO managers are increasingly looking to non-traditional loan facilities to finance the economic interest in the credit risk that they must hold in their deals under the impending U.S. risk retention rules.
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The Securities and Exchange Commissioner took to the podium in the convention center of the Aria Resort & Casino to express to attendees his admiration for the economic benefits of securitization and his disagreement with the risk-retention regulatory regime that has enveloped it.
March 2
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Florida lawmakers could soon approve legislation designed to lower borrowing costs by authorizing certain municipal water and sewer providers to issue bonds backed by special customer charges.
March 2
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Panelists and attendees at the ABS Vegas 2016 conference conveyed varying levels of doubt about at the prospects for securities backed by consumer and small-business loans originated through online lending platforms like Lending Club, Prosper and Funding Circle.
March 2 -
Issuance of commercial mortgage bonds has gotten off to a slow start this year, and the pace is unlikely to pick up soon, as origination of loans used as collateral has slowed.
March 1 -
NewOak named Jonna Boyle as a director in Credit Services LLC, a consultancy that specializes in providing credit and regulatory compliance for commercial and consumer loan products.
March 1
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The mortgage servicer said it has received a letter from the Securities and Exchange Commission regarding its fees for handling distressed loans and properties.
March 1
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Esoteric asset classes such as aircraft leases and whole business securitization are starting to attract more attention from traditional investors in high yield corporate bonds.
March 1 -
The sharp selloff in leveraged loans has created opportunity for some CLO managers, particularly those with deep pockets. Managers that can quickly acquire loans at a discount in the secondary market can still make money bundling them into collateral for bonds.
March 1 -
OneSavingBank is readying a £403.2 million securitization of U.K. residential mortgages originated at the peak of the U.K. housing crisis, according to DBRS.
February 29 -
To Mohamed El-Erian, Donald Trumps rising popularity and a liquidity-boosting move by Chinas central bank are not wholly isolated events.
February 29
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Freddie Mac has expanded the amount of loan-level data it discloses about mortgages it insures in an effort to boost appetite for reinsurance.
February 29 -
After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies seeking to pool loans for securitization and servicing.
February 29
