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Through bitter experience, bond purchasers learned about the moral hazard embedded in private RMBS and their grossly inadequate legal protections.
October 1 -
investors must be cautious about privately issued securities in a post-GSE era where the underlying loans are subjected to a particular lender’s underwriting and sourcing processes.
October 1 -
A mortality bond from SCOR Global Life had a low attachment point, which is the threshold at which investors start incurring losses. That could attract more issuers.
October 1 -
Collateralized loan obligation managers and arrangers have long argued that they should not be subject to the requirements to retain “skin in the game” of these deals. CLOs, which are backed by below investment grade corporate loans, didn’t contribute to the financial crisis, the argument goes, and they shouldn’t have to pay the price for it.
October 1 -
What's keeping private-label RMBS investors up at night, and what could attract more capital, setting the stage for a broader recovery.
October 1 -
Regulators have granted collateralized loan obligations an exception to risk retention rules, but it's a no-go
October 1 -
A nascent private bond market in France is expected to grow significantly over the next two years,
October 1 -
But a recent $180-million deal providing coverage for SCOR Global Life shows that bond investors are now willing to accept a lower attachment point
October 1 -
investors must be cautious about privately issued securities in a post-GSE era where the underlying loans are subjected to a particular lender’s underwriting and sourcing processes.
October 1 -
Retail remains the best performing major property type in CMBS, according to Trepp; but over the next few months the JC Penny situation could weigh on the CMBS and CRE markets.
October 1 -
Eaglewood Capital Management issued the first securitization of peer-to-peer consumer loans on Friday.
October 1 -
FeatherStone Investment Group said it has selected a “major Wall Street investment bank” to act as underwriter and distributor for its first single family rental home securitization conduit.
October 1 -
View the year-to-date manager rankings through Oct. 25for the different ABS sectors, including real estate, credit cards and autos.
October 1 -
The Securities and Exchange Commission and the Commodity Futures Trading Commission, could both be forced to close if lawmakers don't come to a resolution — potentially hamstringing several interagency efforts, including the Volcker rule and a host of derivatives rules that have yet to be finalized.
October 1 -
Consumer Portfolio Services has closed its third term securitization in 2013, a $205 million subprime auto loan deal.
September 30 -
Reperforming loan securitization volumes could get a boost from a large scale deal the Carlyle Group is reportedly working on, according to a Bank of America Merrill Lynch research report.
September 30 -
The delinquent unpaid balance of securitized commercial mortgage loans continues to shrink dropping to a 12-month low in August, according to Morningstar, while foreclosure activity increases.
September 30 -
J.C. Penney’s unexpected decision to raise capital sparked some concern among investors in commercial mortgage backed securities, as the retailer is the second largest tenant in this market, according to J.P. Morgan.
September 30 -
JP Morgan is in the market with a $575 million commercial mortgage-backed securities deal backed by 51 extended stay, limited service and fill service hotel properties.
September 27 -
The Federal Housing Administration is facing a bailout for the first time in its almost 80-year history, raising a host of fresh questions about the potential for standalone legislation to the reform the agency
September 27