Securitization

Less than two years after its much-delayed opening, the complex known as American Dream is threatening to dash the lofty ambitions of yet another developer.

Facebook is leasing two buildings that offer 542,680 square feet of prime office space in the Spring district of Bellevue, Washington, now under redevelopment.

Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a report from Swiss Re AG

Virtually the whole collateral pool will be comprised of senior secured loans, cash and eligible investments ultimately benefiting software, hotel and leisure.

What policy makers say about economic inequality at this month’s Jackson Hole symposium is potentially a bigger deal for bond investors than any taper talk.

Henry Brigham, Willis Hwang and David Knecht bring a combined 43 years of corporate trust experience to the Wilmington Trust team.

Credit performance to LL ABS deals has been better than expected, as financial support to borrowers made exxtra cash available to pay down on other obligations.

State Street Corp. will leave its two New York City offices, making good on plans to transition its Manhattan-based staff to a hybrid work model.

In a first for the EART program, the collateral will include loans originated through a third-party direct lender.

Credit enhancement ranges from 24.7% on the most senior class of notes to 1.5% on the most subordinate class.

Relatively tight pricing is expected on Citigroup Mortgage Trust 2021-INV2, although the coupons are expected to range from 0.49% to 3.0%.

The collateral is made up of private consolidation loans and private student loans that Wells Fargo, another initial note purchaser, had originated.

A pool of high-quality mortgages is securing Flagstar 2021-7. None of the loans had been subject to a coronavirus-related forbearance plan by the cutoff date.

Just a handful of loans in the securitized pool of investor properties, or 0.7%, had been enrolled in a coronavirus related forbearance plan.

Affirm Asset Securitization Trust 2021-B, is the company’s sixth rated term ABS. Observers expect to see more point-of-sale consumer loan asset ABS.

Despite the auto sector's resilience in recent economic quarters amid the pandemic, observers remain watchful of employment trends and waning government help.

For the current transaction, excess spread is at about 5.65% annually, which is in line with the 5.8% in the 2021-NR series of notes.

Used autos are in high demand, because the COVID-19 pandemic caused production delays that constrained the supply of new vehicles to the market.

After its founding in February 2012, the company has come to market 25 previous times for capital to support its business.

While the underlying pool of student loans is mixed, 96% of them are non-rehabilitated loans.