Issuance volume for asset-backed, commercial mortgage-backed and residential mortgage-backed securities for the year through December 28, 2015.
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Crestline Denali Capital is preparing its first collateralized loan obligation offering since it was formed by the merger of two long-time CLO managers last fall.
February 17 -
Morgan Stanleys first offering of commercial mortgage bonds of the year offers unusually concentrated exposure to a few large properties.
February 16 -
The Puerto Rico House of Representatives narrowly passed an energy sector reform bill, in another step toward adoption of a negotiated debt restructuring deal for the island's electric utility.
February 16 -
The burgeoning industry has been hoping the Supreme Court will overturn a problematic lower-court ruling, but the unexpected passing of a conservative stalwart makes that outcome less likely.
February 16
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The Federal Housing Finance Agency's decision to exclude captive insurance companies from Federal Home Loan Bank membership makes the FHLB system like a private country club.
February 16
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JP Morgan and Barclays are marketing $1 billion of commercial mortgage bonds backed by a pool of highly leveraged loans that is highly concentrated in a few large properties in New York City.
February 16 -
GM Financials first auto lease securitization of 2016 is a $1 billion transaction that tilts toward higher average customer credit scores and more shorter-term contracts compared to previous GM lease ABS issues.
February 16 -
American International Group is expanding bets on property lending and safe fixed-income securities after hedge-fund investments soured.
February 12 -
Life insurance companies are an untapped source of potential new Federal Home Loan Bank members, according to analysts at Fitch Ratings.
February 12
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The second European collateralized loan obligation of the year is the first ever by U.S. money manager BlackRock.
February 12 -
NewStar Financial is releasing its first CLO since September 2015 with a $350 million portfolio of loans it has originated for small to medium-sized companies.
February 12 -
The notes are backed by Hondas typically strong collateral in prime loans with high-quality credit borrowers (average FICO of 761) and lengthy seasoning (13.61 months), and supported by a hard credit enhancement of 2.75%. But the new securitization continues a recent trend in Honda ABS issuance that includes more long-term loans in excess of 60 months.
February 12
