Mayer Brown announced this week that Richard Todd and David O'Connor joined its banking & finance group in London as partners.
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Newtek Business Services sold an additional $24.4 million of single-A rated securities from its small business loans trust.
December 18 -
Fitch Ratings expects the recent rate of improvement in U.S. residential mortgage bonds will moderate over the next year as home price appreciation slows.
December 18 -
The ratings agency said it plans to track performance measures such as charge-off rates, delinquency rollover rates, yields and excess spread to provide insight beyond the ratings.
December 18 -
The stricter lending requirements in the current environment will spell trouble for some of the $346 billion in CMBS loans slated to mature between 2014 and 2017, according to Trepp.
December 17 -
Deutsche Bank and Cantor Fitzgerald priced the COMM 2013-CCRE13 conduit deal within priced guidance.
December 17
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Citi and Santander have launched a program to securitize trade finance assets originated by the two banks; the inaugural $1 billion issue consisted of four classes of three-year notes.
December 17 -
Resource Capital priced a $260.8 million CMBS that is collateralized by a pool of 26 floating rate mortgage loans with $300.6 million current balance that are backed by 44 transitional commerical and multifamily properties.
December 17 -
Royal Bank of Scotland is prepping a CMBS backed exclusively by a $375 million loan on the property in Paramus, NJ.
December 17 -
Losses on the portfolios behind all U.S. auto loan securitizations tracked by Standard & Poors rose in October to the highest monthly level since January. Losses in the subprime segment hit their highest level since March 2010.
December 17 -
Private equity firm Cerberus Capital Management is marketing its third collateralized loan obligation, according to a presale report from Moodys Investors Service.
December 17 -
Next year will be mixed bag for automobile lenders, with both delinquency rates and loan balances expected to rise, according to a forecast released Monday by the credit bureau TransUnion.
December 17 -
Both were backed exclusively by super regional malls, but one, backed by five Starwood Capital Group malls, priced wide of initial talk, while the other, backed exclusively by the Aventura Mall in Aventura, Florida, priced inside initial guidance.
December 16
