Morgan Stanley and Bank of America Merrill Lynch's latest commercial mortgage bond is backed by a pool with unusually low leverage relative to conduits issued so far this year, according to Kroll Bond Rating Agency.
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Kroll Bond Rating Agency predicts issuance in bonds backed by commercial mortgages could hit $125 billion next year, even with borrowing costs rising as interest rates go up.
December 15 -
Standard & Poor's revised its criteria over a year ago; yet the majority of the deals that came to market in 2015 refinanced portions of the often-unrated variable funding note commitments that were extended by bank lenders during the six-month rating moratorium.
December 15 -
Increased leverage in the nonfinancial sector, banks reaching for yield in a persistently low-interest rate environment and emerging markets pose a growing threat to the system, according to a report issued Tuesday by the Office of Financial Research.
December 15 -
After widening in November amid market volatility, spreads on commercial mortgage bonds have reversed course in the primary market, tightening against their benchmarks.
December 15 -
The outstanding volume of cat bonds and insurance linked securities has hit a record, according to website Artemis.bm.
December 15
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Specialty lender Regional Finance Co. has obtained a $75 million amortizing loan from Wells Fargo Bank that will be secured by automobile receivables.
December 15 -
Most investors in a recent survey said they want to ditch the pricing benchmark now used for many kinds of securitization.
December 14 - Europe
As key interest rates turned negative this year in Europe, everyday financial transactions entered the realm of fun-house mirrors.
December 14 -
Asset management firm Ranieri Strategies has hired Eric Kaplan the former head of MBS Finance at Shellpoint Partners. Both are companies founded by Lewis S. Ranieri.
December 14 -
SolarCity is marketing what may be the first securitization of loans to finance the purchase and installation of solar panels by consumers.
December 14 -
California regulators on Monday identified 14 companies that the state is targeting as part of its recently announced inquiry into the marketplace lending industry.
December 14 -
Issuance volume of ABS, MBS and CMBS for the year through December 11, 2016.
December 13




