Securitization

Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.

Impending legislation renewing the federal backstop for terrorism insurance could pare down this safeguard, creating havoc in the market for commercial mortgage-backed securities; despite advances in modeling this risk, it may prove challenging for capital markets investors to pick up the slack.

Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.

The latest update to the Foreign Account Tax Compliance Act appears to grandfather most collateralized loan obligations issued before January 2013.

The latest update to the Foreign Account Tax Compliance Act appears to grandfather most collateralized loan obligations issued before January 2013.

Companies that manage single-family rentals have their own trade group: the National Rental Home Council (NRHC).

With more young adults making large student loan payments instead of saving up for a down payment, combined with car payments and possibly credit card debt, the 43% DTI becomes a very difficult barrier for lenders working within the QM standards.

Santander Consumer (UK) plans to issue a securitization of U.K. auto loan receivables that will be backed by a mix fixed-sum loans and personal contract purchase agreements.

Colony American Homes hired Beth O’Brien to lead its single-family lending unit, Colony American Finance.

A growing number of borrowers are paying off their mortgage loans before their credit card debts, reversing a trend first seen in September 2008, according to a TransUnion study.

Housing shortages in U.S. energy boom towns have driven rents up to New York City levels; but don’t expect that to last too long, says Moody’s Investor’s Service.

Investors plan bigger increases in their holdings of esoteric ABS than securities backed by consumer or ercial assets over the next 12 months, according to a survey of conducted by DBRS.

Revisions to Solvency II, while more securitization friendly, still reduce the appeal of asset backed securities to European insurers, according to Standard & Poor’s.

Securitizations of Spanish SME loans are facing trouble on two fronts: rising corporate insolvencies and new legislation on debt refinancing and restructuring.

American Residential Properties plans to raise $300 million in medium-term debt via a securitization of single family rental properties.

The bill released by Sens. Tim Johnson and Mike Crapo would create a reinsurance fund to recoup losses on securities, establish a common securitization platform for the secondary mortgage market and open access to the secondary market for smaller lenders through a cooperative.

More diversity may be on the way for Russia’s traditionally mortgage-bond monopolized securitization market, according to a report by Standard & Poor’s.