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No investor wants to touch the riskiest high-yield debt. The bank’s asset manager says it’s cheap enough that there are opportunities.
October 22
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Air Lease Corp. is making a straightforward trip to the asset-backed securitization market with two trusts that will raise $437 million to purchase aircraft for its aircraft lease and management business.
October 22 -
S&P's review of leveraged-loan deals across multiple sectors found only 17% of lenders have provisions that would disallow borrowers from transferring collateral assets to unrestricted subsidiaries outside lender reach.
October 21
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The attractions of Grande Canal Shoppes, a luxury shopping center property in Las Vegas, are not just bringing in the tourists. It is the 14th-largest loan in the GS Mortgage Securities Trust 2019-GSA1, a Goldman Sachs deal.
October 21
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GameStop's plan to shutter up to 200 stores could adversely affect commercial mortgage-backed securities loans with a combined allocated property balance of almost $42 million, according to Morningstar Credit Ratings.
October 21
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As lawmakers tackle Fannie Mae and Freddie Mac, any revamp must lessen risk to the mortgage system and U.S. taxpayers.
October 21
Mortgage Bankers Association -
The $450 million DT Auto Owner Trust 2019-4 has a pool balance of $519.7 million, an average balance of $17,125 per account and an 84.21% share of loans with terms over 60 months.
October 20
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Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.
October 20
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The high court will decide how much latitude a president has to fire the director of an independent agency.
October 18
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Underwriting league tables of asset-backed securities for the year through Oct. 17, 2019
October 18
