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Federal regulators on Wednesday proposed aligning new securitization requirements with a recent Consumer Financial Protection Bureau underwriting rule in a move likely to please banks and housing advocates.
August 28 -
The French reinsurer, SCOR Global Life plans to issue a mortality insurance –linked securitization called Atlas IX Capital Ltd.
August 28 -
GoldenTree Asset Management hired Brian Marshall as managing director for the firm’s business development group, the firm said.
August 27 -
Wells Fargo reported that auto loans outstanding increased at an 8.5% rate on a year-over-year basis in Q2 2013 but auto loan abs issuance has not kept pace.
August 27 - Europe
Standard & Poor’s reported today that August securitization issuance slowed to $1.4 billion ($1.87 billion).
August 27 -
Insurance companies have focused on higher yielding paper, within benchmark ABS asset classes in their 2013 new issue investments, according to a JP Morgan report.
August 27 -
Despite announcing that a deal would be ready in “weeks,” FeatherStone has yet to select a ratings agency to rate the deal, nor has the group selected a lead underwriter to lead the transaction.
August 26 -
Many banks in the auto lending business have been making investments that they hope will give them a more enduring edge; to the extent that bank are less likely to securitize these loans, this could impact securitization volume.
August 26 -
Total delinquencies in the Standard & Poor's Portuguese RMBS index decreased slightly in the second quarter of 2013, for the first time in 2 years.
August 26 -
Redwood Trust prepared to issue its 11th deal of the year that has been assigned preliminary ratings by both Kroll Bond Ratings Agency.
August 26