The latest securitization of reperforming residential mortgages offers investors less protection against future losses than the previous deal, and has earned correspondingly lower safety scores from Fitch Ratings.
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LStar Capital Finance, the credit affiliate of Lone Star Funds, a global private equity firm, is marketing a $281 million CMBS deal backed by a pool of seasoned and newly originated loans, according to Fitch Ratings.
May 28 -
Colony American Homes paid up for its latest securitization of single-family rental homes, which has a duration- weighted blended interest rate of LIBOR plus 188.8 basis points.
May 28 -
The first deal in the U.S. backed entirely by commercial solar assets could come as early as Q3.
May 27
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Welk Resort Group plans to issue $129.6 million of securities backed by timeshare loan receivables, following a two-year securitization hiatus for the issuer.
May 27
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The U.S. Department of Education says theres very little evidence that active-duty servicemembers are being charged unlawfully high interest rates on federally guaranteed student loans.
May 27 -
Wheels Inc. is marketing $512.70 million of bonds backed by auto fleet leases, according to rating agency reports.
May 27 -
Union de Creditos Inmobiliarios (UCI) is planning what will be the first investor-placed Spanish residential mortgage securitization since BBVAR 3 in July 2007.
May 27 -
Freddie Mac returns to fixed severity measure of losses for fourth risk sharing transaction of 2015.
May 26 -
Some in the auto lending industry have changed their definitions of key terms in ways that downplay the risks involved.
May 26
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Ally Bank plans to issue $500 million of securities backed by receivables collected from lines of credit it makes to dealerships.
May 26 -
Mortgage bankers facing new demands on their businesses are becoming increasingly interested in new sources of liquidity, particularly through mortgage servicing rights financing vehicles.
May 25
