Richard Gallagher is CEO of Oak Tree Business Systems, Inc.

Richard Gallagher

CEO

Richard Gallagher is CEO of Oak Tree Business Systems, Inc.

TRENDING

Securitization

Chase Auto Owner Trust prepares to sell $1.2 billion in notes

Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.

By Donna M. Mitchell

April 25
Esoteric ABS

Credit investors snap up bonds backed by art loans, internet addresses

Esoteric ABS deals — backed by collateral other than student, auto, credit card and equipment loans — have risen to about 31% of the ABS market from 9% over the last decade.

By Immanual John Milton and Carmen Arroyo

April 25
Originations

Mortgage rates rise on weak economic news

Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.

By Brad Finkelstein

April 25