Lorillards pending acquisition of Reynolds American shrinks the universe of original participating manufactures in the Tobacco Master Settlement Agreement to 2 from 3; but not the payments made to tobacco bonds.
-
Ocwen Financial Corp., the mortgage servicer under attack for its handling of home loans, is being fired from overseeing debt backing two bond deals, according to notices sent to bondholders.
February 27 -
Volkswagen priced an upsized $1.45 billion auto lease securitization and Hyundai is prepping to launch $964 million of securities backed by the asset class.
February 27 -
The U.S. collateralized loan obligation market is off to a slower-than-expected start, and this is causing market participants to lower their expectations for 2015 as a whole.
February 27 -
Weak commodity prices are creeping up as a concern in agricultural equipment lease securitizations.
February 27 -
Two more subprime auto lenders, Westlake Financial Services and Flagship Credit Acceptance, are making their first trips of the year to the securitization market.
February 26
-
Morgan Stanley is securitizing the senior portion of a $300 million loan secured by the Graybar Building located on 420 Lexington Ave in New York City.
February 26 - Europe
The Blackstone Group and TPG Special Situations Partners-owned U.K. specialty lender Kensington Group is marketing a £360 million ($554 million) securitization of nonconforming U.K. mortgages.
February 26 -
Oportun, a nonbank lender that targets Latino consumers, has completed its third securitization
February 26 -
World Omni Financial priced $706 million of prime auto loan securities at levels slightly wide of Toyota Motor Credits deal earlier this week.
February 26 -
A senior regulatory official on Wednesday continued the alarm bell over the brisk growth in auto lending, suggesting that some lending terms could be setting up banks for trouble
February 25 -
FirstKey's second RMBS offers the bell and whistles of the plain vanilla variety but its representation, warranty and enforcement framework falls short when compared to other post crisis jumbo RMBS.
February 25
