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Market volatility and new regulatory burdens are thinning the ranks of commercial mortgage lenders that underwrite loans for securitization. Activity is slowing down as a result, and it is unclear if banks and insurers will fill the void, especially outside the largest cities.
March 4
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Bank of America Merrill Lynch is securitizing a single commercial mortgage that real estate investment trust Ashford Hospitality Trust is using to refinance an existing 17 hotel properties in seven states.
March 3 -
XL Insurance (Bermuda) has completed a $300 million catastrophe bond, according to GS Securities, the deals sole structuring agent and bookrunner.
March 3 -
Auto lenders continue to defy warnings about growing risks in the market.
March 3 -
Prosper Marketplace has tapped a USAA executive to be its next chief financial officer.
March 3 -
The Securities and Exchange Commissioner took to the podium in the convention center of the Aria Resort & Casino to express to attendees his admiration for the economic benefits of securitization and his disagreement with the risk-retention regulatory regime that has enveloped it.
March 2
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Florida lawmakers could soon approve legislation designed to lower borrowing costs by authorizing certain municipal water and sewer providers to issue bonds backed by special customer charges.
March 2
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Panelists and attendees at the ABS Vegas 2016 conference conveyed varying levels of doubt about at the prospects for securities backed by consumer and small-business loans originated through online lending platforms like Lending Club, Prosper and Funding Circle.
March 2
