Bank of America scored a legal victory this week for all holders of second liens when the Supreme Court ruled that bankruptcy courts cannot void a second mortgage because it exceeds the value of the home.
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The RE.bound initiative is looking into a novel use for cat bonds: financing resiliency infrastructure. A related study by re:focus partners has put out proposals for certain cities to deal more effectively with climate-related challenges. Here's a few ideas.
July 27 -
One of the biggest U.S. mortgage lenders is looking to disrupt the disruptors in the market for peer-to-peer loans.
July 27 -
Deutsche Bank and Cantor priced a CMBS conduit at better levels than more leveraged Morgan Stanley Morgan Stanley and Bank of America Merrill Lynch transaction.
July 27 -
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Issuance totals for ABS, MBS and CMBS for the year through July 24, 2015.
July 25
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The City of New York is prepping $90.9 million of bonds backed by first priority tax lien certificates on residential and commercial properties.
July 24 -
Deutsche Bank plans to issue 316 million ($346 million) securities backed by three commercial mortgage loans that are secured by 37 office, retail and hotel properties located in Germany, the Netherlands and Belgium.
July 24 - Europe
Goldman Sachs is marketing commercial U.K. mortgage bonds backed by a portfolio of distribution warehouses owned by Logicor.
July 24 -
Flagship Credit Acceptance and CarFinance subprime auto loans are to be pooled together for the first time under a single securitization platform, since the two lending platforms were merged on January 1, 2015.
July 24 -
Freddie Mac latest risk-sharing transaction is looks a lot like a private label mortgage backed security.
July 24 -
Bank of America Merrill Lynch and Barclays plan to securitize a $273 million commercial mortgage loan that is secured on the newly constructed 51 Astor Place, a class-A office tower located in New York, NY..
July 23 -
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.
July 23

