Citigroup is back with another offering of bonds backed by a portfolio of hotels jointly owned by Starwood Capital Group Global I (95%) and Schulte Hospitality Group (5%).
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Add this to the list of concerns for investors in bonds backed by federally guaranteed student loans: marketplace lenders are stealing their best collateral.
September 17 -
Policies that seek to increase home ownership by extending more credit to homeowners are misguided, according to former Federal Housing Finance Agency chief Edward J. DeMarco.
September 17 -
Theres greater alignment of interest now between those who issue asset-backeds and those who invest in them, said panelists at IMNs ABS East conference. But risks are still creeping up, particularly in sectors seeing looser underwriting, such as CMBS.
September 17 -
Navient amended another 16 of its securitization trusts, backed by federally guaranteed student loans that are under review for downgrade, to give the sponsor the option to purchase up to 10% of the student loans in those trusts; as well as to provide loans to the trust under a revolving credit agreement (RCA).
September 17 -
Amtrak is turning to the catastrophe bond market for protection against future damage from storm surges.
September 17
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JPMorgan Chase Bank has returned to the market with a second mortgage risk-sharing deal that is similar to Fannie Mae's Connecticut Avenue Securities (CAS) transactions, according to a pre-sale report from Fitch Ratings.
September 16 -
Drive Auto Receivables Trust 2015-D (DRIVE) is the issuers fourth securitization of deep subprime auto loans.
September 16 -
Freddie Mac's next bond with exposure to actual losses on mortgages only features loans with loan-to-value ratios of over 80 percent.
September 16 -
AH4R American Homes 4 Rent has completed its second single-family rental securitization of the year, the sponsor announced in a press release today.
September 15 -
Deutsche Bank and Cantor Fitzgerald are marketing $1.1 billion of commercial mortgage bonds, according to Kroll Bond Rating Agency.
September 15 -
The first rating agency, DBRS, has weighed in on the Federal Housing Administrations endorsement last month of loans that finance energy efficient home improvement
September 15



