Progress Residential plans to tap the securitization market with a deal backed by a $438 million, five-year loan that pays only on interest, which is secured on a pool of 3,317 single-family rental homes.
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World Omni Financial Corp. is in the market with $687.59 million of notes backed by auto leases, according to Fitch Ratings.
July 15 -
The Credit Insurance Risk Transfer (CIRT) 2015-1 shifts the risk of default on a billion pool of residential mortgages to an unnamed panel of reinsurers.
July 14 -
The chance a loan backing U.K. CMBS will default is bumped up once the loan-to-value (LTV) ratio exceeds 60%.
July 14 -
Entergy New Orleans has secured a triple-A rating for its $98.73 million offerings of bonds backed by storm recovery fees.
July 14 -
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.
July 14
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BMW Financial Services is marketing $833.9 million of securities backed by receivables collected from lines of credit it makes to retail automotive dealerships.
July 14 -
Goldman Sachs is marketing $1 billion of commercial mortgage bonds with heavy exposure to retail properties in secondary and tertiary markets, according to Kroll Bond Rating Agency.
July 13 -
American Express is marketing $571.43 million of notes backed by prime credit card receivables, according to Fitch Ratings.
July 13 -
Roark Capital is using a whole business securitization to refinance its purchase of Driven Brands.
July 13 -
Blackstone Group's Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to fine-tuning its holdings.
July 13 -
China Property & Casualty Reinsurance Co. has issued a cat bond covering earthquake risk for $50 million. It's the first time a Chinese insurer has tapped this market.
July 13 -
Mercedes-Benz Financial Services USA, a unit of Daimler AG, is marketing $959 million of notes; Nissan Motor Acceptance Corp's offering totals $1.04 billion.
July 13

