Securitization

Babson Capital is the first CLO manager to brave market volatility at the start of the year with a new deal.

Volvo is coming out with a deal backed by loans on trucking and construction equipment.

Home Partners of America is securitizing a portfolio of single family rental homes with a unique feature: the tenants lease-to-own.

Annaly Capital Management announced Friday that it promoted David Finkelstein to the position of Chief Investment Officer if Agency and RMBS.

The Federal Housing Finance Agency issued a long-awaited final rule governing Federal Home Loan Bank membership requirements on Tuesday.

Westlake Services is pooling a larger percentage of its lower credit borrowers in the sponsor's first bond offering of the year.

Walker & Dunlop has agreed to acquire the other half of a commercial mortgage-backed securities joint venture it has with Fortress Investment Group.

CLO managers are increasingly looking to non-traditional loan facilities to finance the economic interest in the credit risk that they must hold in their deals under the impending U.S. risk retention rules.

Amherst Holdings plans to market $400 million worth of bonds backed by single family rental homes.

Virgin Money Plc plans to offer the first UK RMBS of 2016 from its Gosforth master trust.

AmeriCredit Financial Services has started securitizing what may be some of its riskiest subprime loans – those with terms as long as 6.25 years.

The Federal Open Markets Committee's recent move to raise short-term interest rates has commercial real estate debt and equity financing markets even more upbeat about their prospects in 2016.

The oil bust wreaking havoc on North Dakota’s economy also threatens to drain cashflows from $125 million of commercial mortgage backed securities, Morningstar Credit Ratings said in a Dec. 30 report.

Freddie Mac is marketing another $1 billion of securities transferring credit risk on a $35.7 billion pool of mortgages held in MBS that it insures.

DriveTime Automotive Group plans to issue $340 million of bonds backed by subprime auto loan securities, according to Kroll Bond Rating Agency.

SolarCity borrowers in Nevada and Hawaii will face higher than expected costs of operating solar panels thanks to new legislation adopted by each state’s public utilities commissions.

Volkswagen is turning to its Chinese assets for its first auto loan, asset backed securities deal of the year.

CommonBond, a New York firm that makes student loans through an online platform, said Tuesday that it has raised more than $275 million in debt funding from Barclays and others.