Finance

The Federal Housing Finance Agency issued a long-awaited final rule governing Federal Home Loan Bank membership requirements on Tuesday.

Westlake Services is pooling a larger percentage of its lower credit borrowers in the sponsor's first bond offering of the year.

Walker & Dunlop has agreed to acquire the other half of a commercial mortgage-backed securities joint venture it has with Fortress Investment Group.

CLO managers are increasingly looking to non-traditional loan facilities to finance the economic interest in the credit risk that they must hold in their deals under the impending U.S. risk retention rules.

Amherst Holdings plans to market $400 million worth of bonds backed by single family rental homes.

Virgin Money Plc plans to offer the first UK RMBS of 2016 from its Gosforth master trust.

AmeriCredit Financial Services has started securitizing what may be some of its riskiest subprime loans – those with terms as long as 6.25 years.

The Federal Open Markets Committee's recent move to raise short-term interest rates has commercial real estate debt and equity financing markets even more upbeat about their prospects in 2016.

The oil bust wreaking havoc on North Dakota’s economy also threatens to drain cashflows from $125 million of commercial mortgage backed securities, Morningstar Credit Ratings said in a Dec. 30 report.

Freddie Mac is marketing another $1 billion of securities transferring credit risk on a $35.7 billion pool of mortgages held in MBS that it insures.

DriveTime Automotive Group plans to issue $340 million of bonds backed by subprime auto loan securities, according to Kroll Bond Rating Agency.

SolarCity borrowers in Nevada and Hawaii will face higher than expected costs of operating solar panels thanks to new legislation adopted by each state’s public utilities commissions.

Volkswagen is turning to its Chinese assets for its first auto loan, asset backed securities deal of the year.

CommonBond, a New York firm that makes student loans through an online platform, said Tuesday that it has raised more than $275 million in debt funding from Barclays and others.

Two Harbors is marketing its first residential mortgage securitization of the year, according to Fitch Ratings

Cantor Commercial Real Estate Lending is the first out the gate with a commercial mortgage securitization this year.

Most foreign investors expect to put more money into U.S. property this year than they did in 2015, with New York remaining the top target market worldwide, according to a survey by the Association of Foreign Investors in Real Estate.

Raising capital has been tough for community banks ever since the financial crisis, especially the smallest ones. But a few investment firms have developed structured products that offer community banks a chance to band together to raise needed Tier 1 capital at relatively low cost.

Hawaii successfully raised $150 million via the bond market for its Green Energy Securitization (GEMS) program in November 2014 but the program’s latest quarterly report shows that the money has yet to reach its targeted audience: poor homeowners and renters.