Commercial mortgage-backed securities returned next to nothing in the first half of the year after handing investors a whopping 11.4% in 2014 that beat everything from junk bonds to Treasuries.
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Issuance totals of ABS, MBS and CMBS for the year through Sept. 4, 2015.
September 4 -
Federally guaranteed student loans are supposed to be a bulletproof asset class for securitization, but investors are learning that they can't be sure exactly when they will be repaid.
September 4 -
Hyundai Capital America is marketing $990.5 million of securities backed by prime auto loans.
September 4 -
Leeds Building Society is marketing securities backed by a £700 million pool of U.K. prime residential mortgages from the issuers Albion U.K. RMBS trust.
September 3 -
Volkswagen Financial Services U.K. is pooling £750 million of U.K. auto loans to back sterling denominated bonds issued from its UK Driver trust.
September 3
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Banks are seeing steady growth in consumer loan demand nationwide, particularly in auto loans and mortgages, according to a report released Wednesday by the Federal Reserve Board.
September 3 -
Moodys Investors Service is giving investors and sponsors more time to review proposed changes to its methodology for rating bonds backed by federally guaranteed student loans.
September 3 -
The Puerto Rico Electric Power Authority has reached a deal with forbearing bondholders to reduce its $9 billion in debt by swapping outstanding bonds for one of two kinds of securitizations, receiving 85% of their existing claims.
September 2 -
Dutch mortgage lender Obvion, which is a subsidiary of Rabobank, is marketing a securitization backed by Dutch residential mortgage and construction loans.
September 2 - Europe
NewStar Financial has launched a $400 collateralized loan obligation that complies with European risk retention standards, according to Fitch Ratings.
September 2 -
Commercial Credit Group (CCG) is marketing $309 million of securities backed by construction, transportation and waste management equipment loan and lease contracts.
September 2

