After several years of ceding business to catastrophe bond investors, reinsurers are pushing back, offering premiums that are competitive to the yields a bond sponsor would pay.
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Fannie Mae is marketing its first offering of the year of Connecticut Avenue Securities, which offload some of credit risk of mortgage that it insures, according to rating agency reports.
February 10 -
Markit has acquired systems integration software from JPMorgan that will allow the information services company to offer its global syndicated loan clients more automated trade processing services.
February 10 -
Redwood Trust said Tuesday it will stop originating commercial mortgages for securitization and focus solely on investing in bonds backed by commercial mortgages originated by others.
February 10 -
SolarCity is testing the market for securities backed by solar panel leases for the first time since three states introduced legislation that raises questions about the cost savings associated with these assets.
February 9
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The forthcoming $875.1 million Wells Fargo commercial mortgage pass-through certificates securitization pools a smaller concentration of larger loans but also has more exposure to single-tenant properties.
February 9 -
U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.
February 9 -
A last-ditch lawsuit to shield collateralized loan obligations from risk retention reaches oral argument phase on Friday.
February 9
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Santander Consumer USA is offering its second auto loan-backed ABS of the year in a $1.059 billion securitization of its higher-quality new and used subprime loan receivables.
February 8 -
Online lender Avant is marketing its first rated securitization of loans to consumers with less-than-stellar credit.
February 8 -
A federal regulator's decision to kick mortgage real estate investment trusts out of the Federal Home Loan Bank System does not seem to be alarming Two Harbors Investment Corp., which will be forced to exit within five years.
February 8 -
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28 is backed by 42 fixed-rate loans with a total balance of $955 million that are secured by 161 commercial and multifamily properties.
February 8
