Standard & Poor's put $330 million of tobacco bonds under review for a possible downgrade Wednesday, saying its ratings failed to account for a key risk.
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While Congress has been unable to pass housing finance reform, Fannie Mae and Freddie Mac have done a good job of adhering to some of the spirit of recent bipartisan legislation, according to Mark Zandi, chief economist at Moody's Analytics.
September 23 -
Why managers of collateralized loan obligations aren't "sprinting and printing" new deals.
September 22 - Europe
Volkswagens decision to halt sales of diesel cars in the United States that are involved in a recall puts bonds backed by dealer floorplan financing at risk
September 22 -
Hertz Corp. is marketing a $230 million auto rental fleet securitization, according to Fitch Ratings.
September 22 -
CommonBond has expanded its student loan refinancing program to more than 2,000 universities at the graduate and undergraduate levels.
September 22
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Creditors are more willing to offer loans to subprime lenders so far this year, Equifax announced Monday.
September 22 -
Velocity Commercial Capital took steps to verify the so-called liar loan included in a small balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.
September 21 -
A second bank, Morgan Stlaney, is marketing commercial mortgage bonds backed by a portfolio of self-storage facilities
September 21 -
Wells Fargo is marketing another commercial mortgage securitization that relies on a few, high-quality loans to boost the overall credit metrics.
September 21 -
Two of the largest single-family landlords, Starwood Waypoint Residential Trust and Colony American Homes, are merging into company with over 30,000 homes and an aggregate value of $7.7 billion.
September 21 -
The Structured Finance Industry Group (SFIG) has hired Dan Goodwin as director of mortgage policy who will focus on mortgage backed securities policy issues.
September 21 -
What traders at ABS East think is cheap (FFELP), hot (private SLABS), and not-so-hot (subprime autos).
September 18


