A commercial mortgage-backed security (CMBS) linked to a single borrower in New Yorks Garment District the 23-story Eleven Penn building is being prepped for issuance, according to a pre-sale report by Kroll Bond Rating Agency.
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Participants at an ABS Vegas 2014 panel struggled to explain how private label RMBS could become relevant to a broader range of U.S. consumers, although they took pains to sound optimistic.
February 7 -
GM Financial is taking advantage of the resulting spread compression to start securitization leases (both prime and subprime) and dealer inventory financing.
February 7 -
Players in the REO-to-Rental space see a bright future in pooling the cash flows of many operators into conduit transactions.
February 7 -
The rising costs for banks to hold even low-risk, short-term loans courtesy of Basel III is a powerful incentive for them to offload their trade finance receivables into securitizations.
February 7 -
The fundamentals of equipment ABS are stronger than ever as lessons learned from the prior two recessions have resulted in quality and performance improvements which will help the asset class weather future economic downturns.
February 7
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Most new collaterlized loan obligations have the ability to invest in bonds, but only if regulators clarify certain Volcker Rule language.
February 7 -
Demand for catastrophe bonds and other insurance linked securities far outstrips supply, with predicatable results.
February 7 -
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Volkswagen increased its auto lease VWALT 2014-A ABS by $500 million to $1.5 billion on the back of strong investor interest.
February 7 -
More than 65 investors participated in Freddie Mac latest Structured Agency Credit Risk deal, an oversubscribed offering of credit protection on a $31 billion reference pool of mortgages.
February 7 -
New York regulators halted Ocwen Financial's (OCN) deal to buy a mortgage servicing portfolio from Wells Fargo (WFC) out of concern that the nonbank is growing too fast.
February 6