Marketplace lenders that have avoided state-by-state interest rate caps are gauging the potential damage from a court decision that is stoking questions about the long-term viability of their business model.
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The inclusion of a loan secured by Chicagos Prudential Plaza in a recent CMBS is causing a stir. Some investors are on edge about the propertys recent financing history, which suggest sharply different appraisal values within weeks of each other.
October 6
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John Wu has been hired by Seix Investment Advisors to help expand the firms collateralized loan obligation platform.
October 6 -
DriveTime is back with its third auto loan securitization this year, according to Standard & Poor's.
October 6 -
Christian Aufsatz, Barclays' former head of European commercial mortgage backed securities research, has joined the DBRS London office to head CMBS ratings team.
October 5 -
Issuance of ABS, MBS and CMBS for the year through Oct. 2, 2015.
October 5
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Westlake's third securitization of subprime auto loans of the year is characteriized by loans to stronger borrowers than any of the sponsor's transactions to date, according to Standard & Poor's.
October 5 -
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GM Financial, the captive auto-financing arm of General Motors, is in the market with its third publicly rated auto lease securitization of the year, according to Standard & Poors.
October 5 -
Goldman Sachs plans to issue $848.4 million of bonds backed by commercial mortgage loans.
October 5 -
Domino's Pizza plans to refinance a portion of its outstanding whole business securitization , according to Standard & Poor's.
October 5 -
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.
October 5 -
The Mortgage Bankers Association is disappointed that the Consumer Financial Protection Bureau has not provided an explicit temporary safe harbor for lenders who have made a good-faith effort to implement new disclosures.
October 2