Glenn Costello, a structured finance veteran cited through the years in the pages of the Asset Securitization Report for his sharp analysis, particularly of residential mortgage-backeds, passed away on April 6.
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After an unusually slow May, issuance of collateralized loan obligations is off to a strong start in June, with five deals totaling over $3.1 billion pricing in the first four days of the month.
June 5 -
Ford Motor Credit Co. plans to issue another $300 million from its dealer floorplan master owner trust.
June 5 -
Huntington National Bank priced $750 million of securities backed by prime auto loan receivables, in the first of what is expected to be two expected securitizations this year.
June 4 -
The primary market for commercial bonds is off to a busy start for the month with three conduit deals totaling more than $3 billion making the rounds.
June 4 -
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.
June 4
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Texas insurer of last resort for hurricane coverage on coastal properties has transferred some risk to a $700 million cat bond.
June 3 -
Progress Residential priced its latest single family rental securitization tighter than the issuers previous deal and the most recent single family rental, Colony American Homes 2015-1, which priced last week.
June 3 -
Navient is marketing its third federally guaranteed student loan securitization of this year.
June 3 -
Investors continue to accept lower yields for exposure to the first losses incurred on residential mortgages insured by Freddie Mac.
June 3 -
Massachussetts property insurer of last resort just sold a chunk of risk linked to severe weather to the capital-market investors.
June 2 -
Fifth Street Senior Floating Rate Corp. has closed on a $309 million securitization of loans to small and medium-sized companies.
June 2



