A proposal by the Financial Industry Regulatory Authority (FINRA) designed to reduce counterparty risk in the forward market for mortgage bonds troubles some market participants, who say that the measures could have the opposite effect.
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The U.S. government is the largest olbigor, representing 29.4% of the pool backing Mass Mutual's latest securitization deal.
May 29 -
Fifth Third Bank is planning its second auto loan securitization of the year, according to a regulatory filing.
May 29 -
The pool in the latest deal to be issued from the MSBAM trust has a higher lodging concentration (24.0%) than any of the conduits Kroll Bond Ratings has rated over the previous six months.
May 29
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Lineage Logistics plans to issue $655 million of securities backed by a single, two-year, floating rate commercial mortgage loan that is secured by 42 cold storage warehouses owned by 17 special-purpose property companies.
May 29 -
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Milan-based Agos Ducato plans to issue securities backed by a 1.35 billion portfolio of unsecured consumer loan receivables, according to DBRS.
May 28 -
Banca Selle plans to issue 432 million ($587 million) of AA rated Italian mortgage loans from its Mars 2600 trust, according to DBRS.
May 28 -
A $350 million commercial mortgage backed security (CMBS) secured by a building with the U.S. Postal Service as the main tenant is coming down the pipeline, according to a release by Standard & Poors.
May 28 -
Moodys is taking a more upbeat view of legacy deals backed by subprime residential mortgages.
May 28 -
According to a Standard & Poors presale report the latest offer from RESIMAC Triomphe Trust will include $150 million in securities, rated 'AAA'.
May 28
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He joins from BlackRocks mortgage credit portfolios team, where he was lead portfolio manager and lead trader for non-agency RMBS trading.
May 28 -
A subsidiary of Ford Motor Credit has become the first wholly foreign owned auto finance company to securitize auto loans in China.
May 27
