Finance

This feature, which has already been incorporated into some newer transactions, gives the sponsor more flexibility to manage its overall portfolio; Moody's investors Service thinks it is credit neutral.

Electric vehicles are starting to show up in pools of collateral for auto leases, but it's harder to predict what they will be worth when they are repossessed or come off lease, says Moody's Investors Service.

Many raised large amounts of capital to put to work in the equity, or riskiest slices of their deals, allowing them to resume issuing new deals just as new loan issuance was taking off.

Former top commercial mortgage-backed securities strategist Trevor Murray accused the Swiss lender of illegally firing him in 2012 for blowing the whistle on attempts by traders to influence his research reports.

Exposure to PetSmart's now triple-C rated loan will strain the distressed debt limits of 24 collateralized loan obligations, while two other deals face potential interest-diversion test failures.

The Kurban Group, a Lebanese travel conglomerate, recently closed on a rental fleet securitization that, despite its small size, represents some notable "firsts."

Bridgeview, Illinois is the second Illinois home rule community to take advantage of new borrowing program.

At the end of September, the share of loans in MeasureOne’s private student loan database in forbearance was 2.88% of the outstanding balance, up 26.81% on the year.

The collateralized loan obligation market is ending the year at nearly full throttle with nearly $18 billion in new deal/refi volume month-to-date, with more on the way.

A £366.2 million mortgage on 127 industrial properties is being used as collateral for a transaction called Taurus 2017-2 UK DAC.

The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.

Risks include a high geographic concentration and a not insignificant exposure to loans that have either been rehabbed or are now delinquent.

The Railsplitter Tobacco Settlement Authority will price a $679 million current and advance refunding of tobacco bonds.

The two Democratic lawmakers sent a letter Monday to the four largest servicing companies asking them to address borrower complaints.

The 2-million-square-foot office complex in Tempe, Ariz., was acquired by JDM Partners and Transwestern Investment Group in a sale-and-leaseback agreement.

The Alpharetta, Ga.-based manager of Hilton, InterContinental, Marriott and other branded hotels recently obtained a $600 million mortgage from three banks: Goldman Sachs, Citigroup and JPMorgan Chase.

Two proposals, limiting deductibility of interest and like-kind exchanges, would make securitization uneconomical for auto and equipment lessors, according to the industry trade group.

A $300 million, interest-only first mortgage that the REIT obtained from Wells Fargo this month is being used as collateral for a transaction called WFCM 2017-SMP.

The collateral for the $59.9 million transaction from DRB Capital includes life-contingent structured settlement receivables; when the beneficiary dies, the insurer stops making payments.

Freddie Mac is broadening its capital markets vehicles with its first offering of participation certificate securities backed by multifamily tax exempt loans.