Ally Financial plans to issue $700 million in bonds backed by near prime auto loans.
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At the federal level, the Investment Tax Credit (ITC) allows both residential and commercial developers to offset 30% of their costs. Various states also offer credits.
December 8 -
Onslow Bay is making its debut in the securitization market with $231 million of bonds backed by mortgage loans the real estate investment trust acquired from several lenders, according to Standard & Poor's.
December 7 -
CLO managers have received some Congressional backing for their efforts to curb the impact of forthcoming risk-retention standards.
December 7 -
Navient said Monday that investors in six student loan securitizations it services had voted to extend the maturity dates of the bonds.
December 7 -
Investors in the class C notes of Multi-Cat Mexico 2-12-1 are still in suspense, even after default.
December 7
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Fannie Mae just took out a potential chunk of private label CMBS supply. The agency said today its helping fund Blackstones purchase of Stuy Town.
December 7 -
Thanks to persistently low interest rates and rising property values, sponsors had little trouble refinancing the wall of commercial mortgage debt maturing this year.
December 7 -
Jefferies is Floating Plans to Finance the 5% stakes that CLO managers will need to retain in their own deals.
December 4 -
Citigroup Latest Securitization of Prosper Loans Rated by both Moody's Invetors Service and Fitch Ratings.
December 4 -
California Republic Bank is marketing its fourth auto loan securitization this year.
December 4 -
HomeUnion in Irvine, Calif., has formed a mortgage-brokerage division that will focus on investors in single-family rental homes.
December 3 -
American Homes 4 Rent, the largest publicly traded U.S. single-family home landlord, agreed to acquire a smaller competitor, American Residential Properties Inc., in a deal valued at $1.5 billion, including debt.
December 3



