By halting Ocwen Financial's deal to buy a mortgage servicing portfolio from Wells Fargo, New York regulator Benjamin Lawsky has called into question the servicer's ambitious growth plans.
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S&P has requesting additional info on property valuations; the deal's delayed; and Fitch weighs on what it sees as faulty property valuations by its rival.
May 5
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View Thomson Reuters data on issuance for the year-to-date through May 2 for ABS, MBS and CMBS.
May 5 -
View the deals featured in ASR's Scorecard database that priced in the two weeks ended May 2.
May 4 -
For sheer scale of assets, its tough to beat trade finance, and banks have new incentives to get these assets off their balance sheets.
May 4 -
Yes, subprime lending is picking up. But industry experts believe regulatory reform and new documentation requirements will prevent bubble-era style risk layering from re-emerging.
May 2
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CarMax is in the market with its second prime auto loan securitization of the year, according to a regulatory filing.
May 2 -
The deal, CSMC Trust 2014-IVR2, has been assigned preliminary AAA ratings by DBRS. The notes are backed by 364 loans with a total principal balance of $272 billion.
May 2
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New Jersey Higher Education Student Assistance Authority (2014-1) will issue three classes of notes: $182 million of fixed-rate notes with preliminary AA ratings, $25 million of floating rate notes with preliminary AA ratings, and $13 million of fixed rate notes with preliminary A ratings.
May 2 -
The $1.04 billion of securities issued under Citigroup Commercial Mortgage Trust Series 2014-GC21 are backed by a pool of 70 commercial mortgage loans secured by 111 properties.
May 1
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Massachusetts Educational Financing Authority (MEFA) plans to issue a $184 million bond backed by fixed-rate, private student loans that it originates, according to a Fitch Ratings presale report.
May 1 -
Standard & Poor's said that there are some hurdles that need to be cleared before it assigns credit ratings to peer-to-peer loans transactions.
May 1
