UBS lost its appeal today to dismiss the Federal Housing Finance Agency lawsuit against it for fraud and misrepresentation in mortgage-backed securities, according to court documents.
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Ocwen Financial (OCN) is buying mortgage servicing rights and related servicing advances from OneWest Bank in Pasadena, Calif., for $2.5 billion.
June 14 -
The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.
June 13 -
In an otherwise slow week for commercial mortgage-backed securities, Deutsche Bank and Citigroup are marketing a $775 million deal backed exclusively by hotels.
June 13 -
DriveTime Automotive Group priced its $237 million securitization backed by subprime auto loan receivables.
June 13 -
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While Clean Power Finance and others are focused on residential solar financing, Mercatus (formerly SCS Renewables) has turned its attention to what it calls “the next big growth opportunity”: securitization funding for commercial and industrial solar projects.
June 12
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ALBIS Mobil Lease GmbH, UTA Leasing GmbH, and Kögel Leasing GmbH plan to issue up to €147.23 million backed by leases made to the German small and midsize enterprise (SME) sector .
June 12 -
Pricing on Ohio’s FirstEnergy utility securitization are expected to price on the tight end of guidance on the back of the historically low rates for benchmark U.S. Treasury and U.S. Agency debt.
June 12 -
Freddie Mac is marketing multifamily mortgage-backed securitizations for a combined total of approximately $3.5 billion.
June 12 -
Sallie Mae closed a new, $6.8 billion credit facility that will allow it to exit the Straight A funding program ahead of schedule.
June 12 -
Louisiana Tobacco Settlement Financing Corp. trustees gave swift approval Tuesday to the controversial refinancing of up to $720 million of outstanding tobacco settlement revenue bonds.
June 12 -
Bank of America is preparing to jump into the consumer ABS issuance frenzy with a new deal from its rarely used Bank of America Auto Trust.
June 11
