Pacific Investment Management Co. accused American International Group Inc. of misleading investors about colossal losing bets on unregulated credit-default swaps and subprime debt before the 2008 financial crisis.
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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
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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
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Massachussetts property insurer of last resort just sold a chunk of risk linked to severe weather to the capital-market investors.
June 2
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Fifth Street Senior Floating Rate Corp. has closed on a $309 million securitization of loans to small and medium-sized companies.
June 2 -
Social Finance has upped protections for investors in the senior tranches of its latest student loan securitization, earning a higher credit rating for the deal.
June 2 -
Athlon Car Lease Nederland plans to securitize 713 million ($793 million) worth of car leases made to Dutch based corporate and small business borrowers.
June 2 -
Citigroup is marketing $216 million of re-performing residential mortgage backed securities and Two Harbors returns to market with its fourth prime RMBS of the year.
June 1 -
The Supreme Court has ruled that bankruptcy courts cannot void a second lien because it exceeds the value of the collateral.
June 1 - Europe
Terex Corp., a manufacturer of heavy equipment, has closed on its first asset-backed commercial paper conduit.
June 1
