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Standard & Poor’s is considering criteria changes that would make it more difficult for a structured finance transactions to earn a rating above the "sovereign ceiling," or the rating of the nation in which it is domiciled. The proposed criteria would cut the maximum ratings differential to four notches from the current six, in most cases.
October 15 -
Until recently, the residual interest in student loan securitizations was a tough sell, but there have been at least two issues of bonds backed by excess cash in these deals, and Fitch Ratings expects to see more.
October 15 -
Bulk sales of distressed CMBS assets by special servicers help drive delinquencies down in the space but may expose senior mezzanine/AJ tranches to losses.
October 11 -
Morgan Stanley and Bank of America priced $1.27 billion of commercial mortgage backed securities, according to a regulatory filing.
October 11 -
Ally Financial plans to issue a fourth offering of bonds backed by subprime auto loans, according to filing with the Securities and Exchange Commission.
October 11 -
Fannie Mae issued $5.7 billion in multifamily mortgage-backed securities in the third quarter backed by newly originated loans, compared to $8 billion in the prior quarter.
October 11 -
A bipartisan group of 66 members of the House of Representatives are letting the Federal Housing Finance Agency know they don’t want to see the loan limits on Fannie Mae and Freddie Mac reduced.
October 10 -
The increased uncertainty over the Federal debt limit has “dampened” structured finance issuance, according to Standard & Poor’s.
October 10 -
J.G. Wentworth plans to issue a $210 million ABS backed by structured settlement payments and like its previous deals this year, the pool includes lotto winnings.
October 10 -
Mortgage experts said at the California Association of Realtors sponsored conference, that the future of mortgage finance will depend on a model that still includes a government guarantee.
October 10
