Delayed Italian lease-backed transactions are expected to close early in the year once a resolution to the legal uncertainties, that crept up in the latter part of 2003, are resolved. Market analysts said that at least E2.4 billion (US$3 billion) of lease ABS has been postponed. But a legal amendment that will clarify whether leases are remote from the originator bankruptcy could stimulate growth if it extends to the securitization of all lease-backed issuance and not just to the translativo leases in question. A delay in the closing of these lease transactions put total Italian issuance for the end of the year at approximately 28 billion (US$35 billion). This is similar to levels reached in 2002.
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The prime jumbo RMBS transaction is collateralized by 402 residential mortgage loans.
8h ago -
Diversity and metropolitan focus could provide resiliency in economic downturns
9h ago -
Federal Reserve Chair Jerome Powell was noncommittal about cutting interest rates at the central bank's next monetary policy meeting in July, saying future actions will depend on incoming data. His comments come as President Trump ramps up his criticism of the Fed chair.
July 1 -
Bill Pulte, regulator and conservator of entities that buy and securitize many mortgages, also reaffirmed he's 'not happy with" lenders' main score provider.
June 30 -
Eagle + West is Brookfield's premier luxury building at Greenpoint Landing.
June 30 -
BofA Securities, Australia and New Zealand Banking Group and Japan's SMBC Bank International are joint lead managers.
June 30