The catastrophe bond market experienced near record issuance in 2013, leading to an all-time high level of outstanding of just over $20 billion, according to Fitch Ratings.
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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.
March 4 -
While lawmakers continue to press regulators to exempt collateralized loan obligations from Volcker Rule restrictions, managers of these deals have found another workaround and this one allows them to invest in bonds.
March 4 -
Managers and arrangers of U.S. collateral loan obligations have struggled to satisfy the European Unions risk retention requirement. However, the final draft rules published by the European Banking Authority include a new concession that may assist U.S. managers in accessing an investor base in the region.
March 4 -
Dan Feshbach, founder and CEO of MeasureOne, thinks that disclosure of loan-level data can do for the student loan market what it did for mortgages.
March 4 -
The powerful storm surge produced by Hurricane Sandy has added momentum to the federal governments efforts to farm out a portion of the risk now borne by the National Flood Insurance Program, and there appears to be a strong appetite in the private market.
March 4
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Deutsche Bank, Cantor Fitzgerland and UBS priced their $1.2 billion commercial mortgage securitization, COMM 2014-UBS2; two more deals could price this week.
March 4 -
Discover Bank is preparing to offer $850 million of notes backed by credit card receivables, according to a regulatory filing.
March 4 -
Nelnet is prepping its second deal of 2014, according to a pre-sale report by Moodys Investors Service.
March 3
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Aegon Nederland N.V. plans to issue Dutch RMBS via its SAECURE series. Sizing on the deal, SAECURE 14 will depend on investor interest and has not yet been determined.
March 3 -
Despite being rated 'Caa1' by Moody's, the deal from Privatbank has exhibited low delinquencies and a enormous credit enhancement for the outstanding tranches.
March 3 -
Housing boom-era mortage bonds, written off as toxic waste during the financial crisis, are performing better than expected.
March 3 -
Price talk has emerged on Ascentium Capitals second ever securitization of equipment leases.
March 3
