The largest tranche, for $327 million, priced at 108 basis points over swaps a bit outside the price talk of 95-100 basis points.
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Investors speaking at a panel at ABS Vegas offered a variety of views on investment opportunities this year.
January 23 -
The Securities and Exchange Commission is likely to issue the long-awaited final ruling of Regulation AB II at an open meeting in February, according to former Chairman Christopher Cox.
January 23 -
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The qualified mortgage rule hasnt dissuaded some major banks to stop jumbo mortgage originations despite the increased risks tied to the product.
January 23 -
Ford Motor Credit Co. priced its $1.6 billion prime auto loan securitization some basis points tighter than its last deal to print in 2013.
January 23
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The sale represents around 2% of Wells Fargos total residential servicing portfolio as of the end of fourth quarter 2013.
January 23 -
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.
January 23 -
GM Financial is taking advantage of the resulting spread compression to start securitization leases (both prime and subprime) and dealer inventory financing.
January 22 -
The protection commercial mortgage-backed securities sellers must provide in order to obtain higher ratings for their bonds is likely to cost them even more going forward, said Fitch Ratings.
January 22 -
Michael Stegman, a counselor to the Treasury Secretary on housing finance, said the GSEs' recent profitability was misleading and does not lessen the need for housing finance reform.
January 22 -
Alexandra Margolis joins Nixon Peabody as partner in the firms Commercial & Structured Finance practice.
January 22 -
Mitsubishi UFJ Securities (USA), part of Mitsubishi UFJ Financial Group, made three appointments to its structured products team in New York.
January 22
