Securitization

Industry groups are raising more concerns about a Fannie Mae financing deal involving the securitization of single-family rental homes, arguing it is too far removed from the government-sponsored enterprise's mandat

Wells Fargo’s next offering of commercial mortgage bonds is unusually concentrated in a relatively small number of large loans, though many are high quality properties located in strong markets.

Shellpoint is marketing another offering of private-label mortgage bonds backed primarily by loans it acquired from Bank of America, National Association, rather than loans originated by its own New Penn subsidiary

The monthly change for defaulted holdings in CLO 2.0s – which now comprise 95% of the market for outstanding CLO issues – rose 0.1% and now stand at 0.12%. The rate for CLO 1.0s rate 0.12%, now standing at 3.13%.

Social Finance Inc.’s online borrowers are defaulting at higher rates than underwriters for one of its bond deals had expected, the latest sign that an industry that hoped to upend banking is now getting tripped up by bad loans.

Multilease AG, the finance arm of a Swiss auto importer, is making its first strip to the European securitization market.

JP Morgan and Deutsche Bank are relying on Massachusetts Mutual Life Insurance Co. to keep skin in their next commercial mortgage securitization

Navient Student Loan Trust 2017-2 is backed by federally guaranteed student loans that were once delinquent but are now making timely payments, according to DBRS.

Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau's Qualified Mortgage rule

Goldman Sachs is selling $1.02 billion of bonds refinancing the Blackstone Group’s acquisition of the Willis Tower, formerly known as the Sears Tower.

The $609.6 million GoldenTree Loan Management US CLO 1 is the first broadly syndicated loan offering from a new collateralized loan management asset firm that was launched in January after entering into a services agreement with GoldenTree Asset Management.

EJF Capital is preparing a collateralized debt obligation backed by securities intended to help small banks and insurance companies raise capital.

The real problem with missed PACE payments at Renovate America is what they might signal about underwriting - and the fact that rating agencies were not in a position to spot them.

CNH Industrial Capital America is sponsoring an $869.9 billion bond offering backed by equipment loan contracts made to the agricultural and construction industries.

BMW Financial Services’ new $1.17 billion auto lease securitization is being launched with one of the highest FICO scores – and lowest hard credit enhancement levels – of almost any recent asset-backed transaction involving luxury auto lease receivables. Including its own recent deals.

Wyndham Worldwide is marketing its 33rd timeshare receivables transaction in a $300 million notes issuance through its Sierra trust platform.

J.G. Wentworth is readying $129 million of bonds backed by structured settlements and annuities.

Mill City Holdings returns to market with its fourth securitization of re-performing residential mortgages, this time with a sliver of HELOCs added to the collateral mix.

Crédit Agricole CIB this week completed a $3 billion transaction that transfers credit risk on the bank’s portfolio of European project finance loans.

As part of its plans to grow its business in the Netherlands, risk and due diligence expert Clayton Euro Risk has announced a strategic alliance with The Dutch Mortgage Consultants.