Fannie Mae and Freddie Mac are exploring ways offload risk to a range of players, and, in an effort to produce something that mimics as closely as possible the risk in private-label mortgage securitization, they have been moving to deals with exposure to actual losses, as opposed to estimated losses.
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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 -
First Investors Financial Services Group last year pruned its dealer base and tightened customer borrowing standards, but the longtime subprime auto finance company has not stopped tapping the securitization market for financing. Its latest deal is for $198 million.
February 5 -
IPFS Corp. is preparing a $300 million securitization of loans used to finance insurance premiums, according to Moodys Investors Service.
February 5
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CLO manager CreekSource has priced its latest offering at wider-than-average spreads as it targets primarily first-lien senior secured loans with better-than-average speculative-grade ratings quality.
February 5 -
Issuance volume of asset-backed securities including mortgage backeds and commercial mortgage backeds for the year through Feb. 5. 2016.
February 5 -
Underwriting league tables for asset-backed securities for the year through Feb. 5, 2015.
February 5 -
Two equipment-lease securitizations were launched Thursday: a $850 million deal from CNH Industrial and a $454 million deal from GreatAmerica Financial Services Corp.
February 4 -
Bankers are defending the industry's aggressive push into commercial real estate despite regulators' warnings about the growing risk and the potential for losses in that sector.
February 4
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Ford Motor Credit is offering another $833 million of notes backed by dealership inventory financing from its master trust.
February 4 -
BMW Financial Services has joined in the cavalcade of captive auto finance companies in the securitization market early this year a $1 billion offering of notes backed by U.S. auto leases.
February 4
