FHFA acting director Edward DeMarco noted that the g-fee hikes will move GSE pricing “closer to what it would be were mortgage credit risk borne solely by private capital.”
-
3i Group plc has closed on a $500 million deal dubbed Jamestown CLO II; it is a refinancing of the $400 million Fraser Sullivan CLO V.
February 25 -
JP Morgan Chase Bank will issue a $1.2 billion CMBS conduit deal call, J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10.
February 22 -
Goldman Sachs plans to issue a $900 million CMBS deal secured by the fee interest in 1515 Broadway in Midtown Manhattan, N.Y.
February 22 -
This week, once again, the release of Federal Open Market Committee meeting minutes cast a pall over the mortgage-backed securities market.
February 22 -
Office Depot’s planned merger with Office Max announced on Wednesday, could lead to some store consolidation that would affect CMBS deal performance.
February 22
-
Volkswagen upsized its retail auto loan ABS by $250mn to $1.25bn and priced the deal Thursday afternoon to strong investor demand.
February 22 -
-
RBC Capital Markets plans to issue a $500mn cross-border credit card ABS backed by Canadian receivables.
February 21 -
Goldman Sachs plans to issue $568 million CMBS loans backed by fixed rate loans that are secured on three malls.
February 21 -
Falling used car prices should not be a concern for auto lease ABS investors, since it is not likely to affect the rate at which leases are prepaid, according to Moody’s Investors Service.
February 21 -
Fitch Ratings warned that recent rep and warranty proposals in new U.S. RMBS deals may expose investors to added risks from “weak” underwriting and “defective” mortgages.
February 21 -
Social Finance Inc., a non-bank lender, is looking to upend student lending in the United States by offering more favorable rates to borrowers it views as most likely to repay their loans.
February 20
