As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.
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Issuance totals for asset-backed, residential mortgage-backed and commercial mortgage-backed securities for the year through November 20, 2015.
November 20 -
Fitch Ratings warned Friday that it has been surprised to see an increasing number of requests by borrowers to change the terms of loans backing mortgage bonds shortly after securitization.
November 20 -
Santander Consumer reported an uptick in loan modifications, a sign that the auto lender is continuing its aggressive play for subprime borrowers.
November 20
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Freddie Mac priced another residential mortgage securitization that includes a mix of guaranteed and non-guaranteed notes.
November 19 - Europe
BMW Bank plans to issue a new 800 million ($858 million) securitization of German auto leases, according to Standard & Poor's.
November 19
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U.S. consumers are shouldering record levels of debt to get behind the wheel of an automobile.
November 19
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Nationstar's third transaction backed by inactive reverse mortgages is the first to be rated by Moody's Investors Service.
November 19
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Fannie Mae gets reinsurance on mortgages with LTVs in excess of 80%.
November 19 -
Darien Rowayton Bank plans to securitized a portfolio of refinanced private student loan debt, according to DBRS.
November 19 -
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Cerberus Capital Management keeps cranking out bonds backed by re-performing residential mortgages.
November 18 -
Morgan Stanley and UBS latest offering of commercial mortgage bonds is most notable for what it lacks: a large number of loans with very high leverage.
November 18
