Christopher Beaudet, who was a managing director and co-head of the ABS group at Deutsche Bank Securities, left the company recently. While at Deutsche, much of Beaudets focus was on the securitization of auto loans and leases, equipment leases, commercial loans and franchise loans. He joined the company in February 2000 as part of a group of bankers that Deutsche recruited from what was then Credit Suisse First Boston. He was credited with building Deutsche into one of the top underwriters of auto and equipment ABS in recent years. His departure leaves Andrew Peisch, also a managing director who joined in 2003, as sole managing director and head of the ABS group at Deutsche.
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Interest will be repaid sequentially. Scheduled principal will be paid based on the scheduled outstanding note balance for the applicable payment period and the note balances.
August 4 -
Lenders reported July declines of HECM endorsements and new securities issuances, but proprietary lending drove a 28% year-over-year surge in originations.
August 4 -
The real-estate investment trust affiliate has been focusing on making more funding available for new loans but also seeks to hold the line on credit quality.
August 4 -
The group is planting a flag for a new structured finance platform and real estate finance team in Miami and is expected to also strengthen Benesch's New York presence with two partners.
August 4 -
Notes are expected to pay coupons of 5.69% on the A1A notes and 5.89% on the A1B notes. Beyond that, the A2 and A3 notes pay coupons of 5.92% and 5.97%, respectively.
August 3 -
The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
August 3







