Freddie Mac has launched an auction of $1.2 billion of nonperforming loans, while Fannie Mae has announced the two winners of its recent auction of $1.24 billion of nonperforming loans.
-
Amherst Holdings plans to market $400 million worth of bonds backed by single family rental homes.
January 11 -
Live Oak Bancshares in Wilmington, N.C., one of the largest 7(a) program lenders in the U.S. last year, has promoted Greg Thompson to chief operating officer.
January 8 -
Virgin Money Plc plans to offer the first UK RMBS of 2016 from its Gosforth master trust.
January 8 -
AmeriCredit Financial Services has started securitizing what may be some of its riskiest subprime loans those with terms as long as 6.25 years.
January 8 -
The Federal Open Markets Committee's recent move to raise short-term interest rates has commercial real estate debt and equity financing markets even more upbeat about their prospects in 2016.
January 7
-
The oil bust wreaking havoc on North Dakotas economy also threatens to drain cashflows from $125 million of commercial mortgage backed securities, Morningstar Credit Ratings said in a Dec. 30 report.
January 7 -
Freddie Mac is marketing another $1 billion of securities transferring credit risk on a $35.7 billion pool of mortgages held in MBS that it insures.
January 7 -
DriveTime Automotive Group plans to issue $340 million of bonds backed by subprime auto loan securities, according to Kroll Bond Rating Agency.
January 7 -
SolarCity borrowers in Nevada and Hawaii will face higher than expected costs of operating solar panels thanks to new legislation adopted by each states public utilities commissions.
January 6
-
Volkswagen is turning to its Chinese assets for its first auto loan, asset backed securities deal of the year.
January 6 - Europe
Ford Credit Europe is getting an early start on its funding with a 610.3 million securitization of German auto loans.
January 6
