Finance

Peter Danna joins the company as director of business development for asset backed securities ratings.

Tricon Capital Group pays 125 basis points over one month Libor on the triple-A, two-year notes issued under its inaugural single family rental securitization, Tricon American Homes 2015-SFR1.

U.K Retailer Tesco plans to securitize credit card receivables via its Delamare Cards trust, according to Standard & Poor’s.

Higher yielding properties in single-family rental securitizations also experience the highest vacancies, and ultimately lower annual rental cashflows, warns Morningstar.

Tricon Capital Group, which first entered the market in 2012 to acquire single-family homes via its U.S. platform, Tricon American Homes, now plans to follow the securitization path to reduce its cost of capital over the long term.

BofAMerrill analysts think the ECB could be a lot more aggressive in the securitization-purchasing program it launched last November.

Credit Agricole Consumer Finance Nederland plans to securitize €1.07 billion ($1.14 billion) of unsecured, Dutch consumer loans.

Zurich Insurance is markting a transaction called Willow No.2 (Ireland) that repackages subordinate notes previously issued by the Swiss multi-line insurer.

Platform Funding Limited, a wholly owned subsidiary of the Co-Operative Bank, and GMAC-RFC are securitizing £1.78 billion ($2.6 billion) of U.K. non-conforming loans.

Italy’s Alba Leasing is marketing a €767 million ($820 million) securitization of lease receivables extended to Italian small and medium-sized enterprises (SMEs) and individual entrepreneurs, according to Moody’s Investors Service.

FirstKey Lending priced a $241 million securitization of fixed rate loans it made to landlords for the purchase of buy-to-rent, single-family homes.

B2R Finance, a company controlled by the Blackstone Group that lends to landlords, has priced its first rental securitization.

Credit Suisse plans to issue £265.5 million ($392 million) securitization of legacy mortgage assets originated by Edeus Mortgage Creators, Kensington Mortgage Co, Amber Homeloans and Paratus (formerly GMAC-RFC)

Glenn Costello, a structured finance veteran cited through the years in the pages of the Asset Securitization Report for his sharp analysis, particularly of residential mortgage-backeds, passed away on April 6.

Clayton EuroRisk’s New CEO, Tony Ward Eyes Opportunitues for the due diligence firm in UK RMBS.

Premium Point Investments, the New York asset manager behind WinWater Home Mortgage, is expanding beyond residential mortgages into he multi-family space and has tapped Stephen Jones to lead the effort.