The storm, which made landfall near Cabo San Lucas in Mexico on Sept. 15, had threatened holders of $100 million of MultiCat Mexico Ltd. (Series 2012-1) Class C notes with a 50% loss of their principal.
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Issuance volume of ABS, MBS and CMBS for the year through March 6, 2015.
March 7 -
Ocwen Financials termination as servicer of two residential mortgage securitizations sets a negative precedent", Moodys Investors Service warns.
March 6 - Europe
Paragon, a U.K. buy-to-let mortgage lender, plans to securitize a £154.5 million ($232 million) pool of mortgage loans, according to a Moodys Investor Service presale report.
March 6 -
Bank of America may finally be able to begin burying the largest of its crisis-era skeletons, Countrywide Financial.
March 6
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Michigan Finance Authority plans to issue $303 million of securities backed by Federal Family Education Loan Program collateral.
March 6 -
American Credit Acceptance, an auto loan lender that focuses deep subprime borrowers, is marketing $219.3 million of securities backed by these loans.
March 5 -
Michael Stegman, a top housing policy adviser at the Treasury Department, lauded Thursday recent moves by the Federal Housing Finance Agency, and urged regulators to find additional ways to bring private capital into the market, even in the absence of legislative momentum.
March 5
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Volvo Financial Services plans to sell a total of $816 million of securities backed by a pool of fixed- rate transportation and construction equipment loans.
March 5 -
A new Dutch RMBS began marketing today via Obvion N.V. Storm master trust, the first to be issued in 2015.
March 5 -
Jeffrey Stern brings over 20 years of experience and will augment Winstons ability to advise clients on structured products and derivatives transactions involving both traditional and esoteric asset classes.
March 5
