Sallie Mae today announced the retirement of Albert Lord in December 2013 as the firm's vice chairman and CEO.
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Direct Capital Corporation said it completed its first securitization of equipment lease backed notes, a $16O million deal called Direct Capital Funding IV LLC 2013-1.
February 11 -
Analysts at Bank of America Merrill Lynch see value in Australian RMBS for global investors, despite the recent downgrades of junior notes by Moody’s Investors Service.
February 11 -
Moody's Investors Service chief executive told investors Friday he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.
February 11 -
Senator Richard Durbin (D-IL) reintroduced legislation in Congress to allow privately-issued student loans to be discharged in bankruptcy.
February 8 -
The sharp drop in delinquencies of securitized commercial loans in January belies ongoing struggles in the hard-hit Atlanta region, according to the latest index results from Fitch Ratings
February 8
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Ally Bank plans to issue $500 million series 2013-1 class A notes from its dealer floorplan ABS structure, Ally Master Owner Trust.
February 8 -
CNH Capital America plans to issue an $850 million equipment lease ABS transaction backed by fixed rate retail installment sale contracts and retail installment loans secured by agricultural or construction equipment.
February 8 -
MBS mostly lagged in both rallies and sell-offs in the week ended Feb. 8 amid concerns about increased originator supply and convexity-related selling.
February 8 -
Morgan Stanley announced a reshuffling of roles for managing directors in the banks securitized products group. The changes will help the bank develop its new issue securitization franchise.
February 7 -
Fitch Ratings took a swipe at its peers, saying some recent Mexican equipment lease securitizations they rated ‘AAA’ merit no more than a single ‘A’ rating.
February 7 -
CarMax Business Services LLC priced its first issue of 2013, an upsized $1.04 billion prime auto asset-backed securities deal called CarMax Auto Owner Trust 2013-1.
February 7 -
Morgan Stanley Investment Management's new Global Mortgage Securities Fund will invest in mortgages and securitized debt instruments issued by government agencies and private institutions, the bank said this week.
February 7