A whisper last week wrongly named Deutsche Banc as the underwriter in a securitization for MFN Financial. Greenwich Capital Markets was underwriter for MFN's $100 million deal, as well as Consumer Portfolio Services' $46 million securitization, which was wrapped by Financial Security Assurance. XLCA wrapped MFN's term deal and Consumer Portfolio Service's $100 million securitization facility with West LB, which was placed into Paradigm Funding.
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With a high proportion of fixed-rate, interest-only underlying loans, the notes have almost no amortization, and three CRE loans have standalone, investment-grade opinions.
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The fixed-rate loans are divided into three sub-pools that relied on rating methods from the RMBS, CMBS and ABS sectors to assess their risks.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
The portfolio does not have any meaningful originations that have completed a full repayment cycle, making the company's performance data thin.
April 18 -
Formerly of Wells Fargo, she will coordinate several key units to create a structure for a sustained capital markets program that capitalizes on recent innovation and growth in home equity finance.
April 17 -
The Structured Finance Association questions whether funding closed-end seconds is an appropriate role for the government-sponsored enterprise, while newer lenders welcome the liquidity support.
April 17