The December FOMC minutes have cause doubts of whether the Fed will tweak asset purchases under QE3 but analysts at Barclays said MBS purchases are likely to stay the same.
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DBRS said in a report today that it declined to rate two RMBS transactions this year because of weaker representations and warranties (R&W) framework proposals in these recent securitizations.
March 25 -
Blame it on the weaker reps & warranties in the $616 million transaction.
March 25 -
Deutsche Bank and Bank of America Merrill Lynch priced the $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City, according to a person familiar with the deal.
March 25 -
Auto dealership advocates are warning that costs will rise for borrowers if the Consumer Financial Protection Bureau presses banks to curtail auto loan markups determined by dealers.
March 24 -
CKE Restaurants, the parent company of Carl’s Jr. and Hardee’s, sold $1.05 billion of bonds backed by franchise royalty and license payments above initial price talk.
March 24
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The recently announced merger of American Airlines and US Airways may create new risk for credit card securitizations tied to the airlines brand, according to two reports published this month by Moody’s Investor Service and Standard & Poor’s.
March 22 -
Newtek closed on $20.9 million of securities backed by small business loans; Guggenheim placed this issue with four institutional investors.
March 22 -
Only vulnerable super-senior classes in CMBS are exposed to the risk of interest shortfalls that affected the super senior class of Morgan Stanley Capital I, 2007-HQ13, according to Fitch Ratings.
March 21 -
Brean Capital today announced John Caladim and Jon Coleman as the latest additions to the Fixed Income team.
March 21 -
Fitch Ratings announced on Wednesday that the $190mn StratReal Industrial Portfolio I in BACM 2007-1 entered special servicing after struggling with weak underlying performance for two years.
March 21 -
The performance of securities backed by both prime and subprime U.S. auto loans improved in January, according to Fitch Ratings.
March 21 -
U.K. prime RMBS investors may see loss severities decrease in U.K. RMBS deals as house prices stabilize on the back of a new housing initiative announced yesterday, according to a Barclays report.
March 21