Calendar

May 29, 2000, 12:00 a.m. EDT 1 Min Read

June 5-6 in New York City: Asset Securitization Academy: Mastering the Basic Legal, Regulatory, Accounting & Tax Components of Your ABS Deals. For more information call (888) 670-8200.

June 13-14 in Chicago: Strategic Research Institute presents Equipment Lease Securitization in the Year 2000. For more information call (800) 599-4950.

June 21-24 in Barcelona, Spain: Frank J. Fabozzi Inc./InformationManagementNetwork present The Fourth Annual Investors' & Issuers Summit on: Global Asset Securitisation. For more information call (212) 768-2800 ext 1.

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Tax liens secure $184.8 million from Alterna Funding

The current portfolio is secured by tax liens from municipalities in eight states and Washington, D.C., that have a redemption value, or the approximate value of the outstanding liens, of about $119.6 million with an original lien rate of 12.2%.

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Esoteric ABS

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White House begins push for corporate tax hike in earnest

When the Trump tax cuts expire next year, the White House will ask for higher corporate taxes and a buyback tax as Congress enters one of its biggest economic fights of the decade, which will have major implications for bankers.

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Auto ABS

SFS' latest pool of mostly new cars secures $1 billion in auto ABS

All four of the class A tranches benefit from total initial hard credit enhancement of 13.80%, while the B and C classes of notes are covered by 10.6% and 6.0% in initial hard credit enhancement.

By Donna M. Mitchell

May 9
Consumer lending

Affirm Asset Securitization plans to sell $634.5 million in ABS from consumer loans

Yields are expected to range from 6.3% on the AAA notes to 7.4% on the BBB notes, which are priced against the three-month interpolated yield curve, and have a final schedule payment date of May 15, 2029.

By Donna M. Mitchell

May 9
Originations

Mortgage rates drop as markets digest Fed meeting news

The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.

By Brad Finkelstein

May 9