Nine CMBS deals have exposure to the 33 underperforming stores JCPenney plans to close beginning this year.
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Redwood Trust is prepping its first residential mortgage-backed security of 2014, a $347.3 million deal, according to a presale from Fitch Ratings.
March 18 - Europe
French retailer Vivarte is one of most widely held credits among European collateralized loan obligations, but its debt restructuring will hit older deals harder than newer one.
March 18 -
Moody's Investors Service private student loan default rate index dropped to 3.4% in 4Q 2013, down from 4.5% in 4Q 2012.
March 18 -
Oaktree Capital Management is preparing a still-rate securitization of non-performing commercial loans, according to a presale report published by Kroll Bond Rating Agency.
March 18 -
American Residential Properties plans to raise $300 million in medium-term debt via a securitization of single family rental properties.
March 18
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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.
March 18 -
Problem borrowers, at a greater risk of default, could exit Federal Family Education Loan Program ABS pools on the expansion of the Pay As You Earn plan.
March 17 -
Deutsche Bank priced its $927.5 million commercial mortgage securitization, COMM 2014-LC15, in line with initial guidance, according to a regulatory filing.
March 17 -
Prestige Financial Services is readying its first subprime auto securitization of 2014, according to pre-sale report from Standard & Poors.
March 17 -
Both the senior and subordinate notes on Wyndham Worldwides Sierra Timeshare 2014-1 transaction priced at significantly tighter spreads than the issuers previous deal.
March 17 -
Sallie Mae plans to issue the $744 million SLMA 2014-2 ABS backed by 100% Federal Family Education Loan Program loans.
March 17 -
Barclays is lead manager on the $1.38 billion 2014-A notes to be offered under Fords Credit Auto Lease Trust.
March 17
