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TGP is marketing the $1.23 billion TRTX 2019-FL3 Issuer, Ltd. Transaction, which has an initial pool of 22 borrowers of interest-only bridge loans on properties undergoing rehabilitation or conversion.
October 8 -
The end of the qualified mortgage patch should further accelerate non-QM origination growth, but is the mortgage industry ready?
October 8
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A pair of lawsuits involving JPMorgan and Capital One ABS trusts argues securitization invalidates issuers’ state usury shields
October 8 - LIBOR
Investors and issuers understand Libor’s end is a near certainty. But many remain unprepared to replace the benchmark
October 8
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The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.
October 8
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BX Commercial Mortgage Trust 2019-XL, via Citigroup, features 11 note classes backed by a floating-rate, first-lien mortgage on 406 Blackstone-owned properties with a tenant roster of over 2,000 lessees — including Home Depot, UPS, FedEx and Amazon.
October 7
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The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.
October 7
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The $386.5 million Trinity Rail Leasing 2019 LLC 2019-2 will collateralize 13,426 railcars with an aggregate fair market value of $1.17 billion. The assets add to the more than 15,000 railcars that were contributed to Trinity’s two prior deals in the past year.
October 7
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Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.
October 4
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The transaction is the first securitization sponsored by the auto finance company since S&P Global downgraded four classes of subordinate notes in prior transactions due to higher-than-expected losses.
October 4
