Bonds issued to finance student loans will not become taxable if their issuer takes action to cease being a qualified scholarship funding corporation, the Internal Revenue Service said.
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Expect less anxiety about impending regulations and more talk about deteriorating credit quality when securitization market participants convene in Miami next week.
September 11 -
First National Bank of Omaha is marketing a pool of receivables originated in VISA and MasterCard revolving credit card accounts the bank owns.
September 10 -
Bank of America Merrill Lynch plans to securitize two European commercial mortgage loans worth 186 million.
September 10 -
Wells Fargo has joined the cadre of banks using a few, large, high-quality commercial mortgages to boost the overall credit metrics of their commercial mortgage bonds.
September 10 -
Conns, Inc., an electronics and appliance retailer, said Wednesday it has securitized $1.4 billion of retail installment contract receivables, with closing expected on or about Sept. 10.
September 10
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Moodys Investors Service just flagged a risk in bonds backed by single-family rentals: there arent enough special servicers. Right now, the field is limited to two players: Midland Loan Services and Situs Holdings.
September 9 -
Platform Funding and Paratus AMC (formerly known as GMAC-RFC) pooled £1.85 billion of U.K. residential mortgage loans originated in 2007 and 2007, according to Standard & Poors
September 9 -
Citigroup and Goldman Sachs have teamed together to offer $958.4 million of commercial mortgage backed securities, according to Fitch Ratings.
September 9 -
U.S. CLO issuance fell in August, for the second consecutive month, to $6 billion, according to Thomson Reuters.
September 9 -
Deutsche Bank, Morgan Stanley and Wells Fargo plan to securitize a $1.8 billion loan that is secured by 11 Madison Ave.
September 8 -
Prestige Financial Services, a privately held subprime auto lender, is looking to spark growth by offering credit directly to consumers over the Internet.
September 8




