The rate at which loans backing CLOs default has historically varied significantly between managers, according to a study published last month by Moodys Investors Service.
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Navient is marketing $259 million of securities backed by private student loans it sponsored and services.
November 30 -
Losses on the subprime auto loans that are bundled into bonds are creeping higher. In a release today, Fitch Ratings said the figure hit 8.05% in October on an annualized net basis, from 7.61% a year earlier.
November 30 -
Castlelake LP is preparing its second securitization of leases on older aircraft, according to Kroll Bond Rating Agency.
November 30 -
Issuance volume of asset-backed securities, including mortgage backeds and commercial mortgage backeds, for the year through November 27, 2015.
November 30 -
The banking industry won a small victory this month when the House voted to nullify Consumer Financial Protection Bureau guidance that had led to recent auto lender settlements, but the real battle over the bill and its potential impact is just beginning.
November 30
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Issuance of CLOs in the U.S. market this year fell short of 2014 totals will fall further next year, Wells Fargo Securities Senior Analyst David Preston said in a recent report.
November 25 -
Commercial mortgages bundled into securities will keep seeing their underwriting standards deteriorate from this year into 2016, say JPMorgan analysts.
November 25 -
The Consumer Financial Protection Bureau took "misguided and deceptive" actions in extracting settlements from indirect auto lenders for possible discrimination against minorities, House Republicans said in a report issued Tuesday.
November 25 -
A new Fannie Mae program allowing non-borrower income to count in qualifying homeowners for low-down-payment loans received near-universal praise from industry representatives and federal officials at a recent housing symposium here.
November 25 -
Despite tighter scrutiny from regulators, the issuance of bonds backed by subprime auto loans could reach their pre-crisis peak next year.
November 24 -
Morgan Stanley is readying a deal backed by 57 commercial mortgages. Amounting to $611.8 million in total, the notes on offer consist of a number of tranches, according to a presale report from Moodys Investors Service.
November 24 -
Freddie Mac is prepping its next risk-sharing deal, according to presales from Fitch Ratings and Kroll Bond Ratings.
November 23

