The Federal Reserve's plan to buy an unlimited amount of mortgage securities until jobs rebound has helped contribute to higher trading volumes at JP Morgan Chase but the promise to keep rates low through at least mid-2015 has hurt the investment bank's margins, Chairman and Chief Executive Jamie Dimon said during a Oct.12, conference call.
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Trinity Rail is planning a $333.84 million securitization of railcar leases, the company’s first deal of 2012.
December 19 -
Cadwalader, Wickersham & Taft LLP announced today that Cheryl Barnes, David Burkholder and Holly Chamberlain have been named partners.
December 19 -
Consumer Portfolio Services closed on its fourth subprime auto loan securitization of the year; CPS Auto Receivables Trust 2012-D issued a total of $166 million of notes in five classes.
December 19 -
Hercules Technology Growth Capital said today it completed a $231 million collateralized loan obligation, the company’s first CLO.
December 19 - Europe
Moody's Investors Service assigned a 'Baa3' rating to the EUR155 million deal issued from the securitization vehicle set up to fund the tariff deficit in the Spanish power industry.
December 19
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Canada Mortgage and Housing Corporation (CMHC) announced today the details of the legal framework for Canadian covered bonds.
December 18 -
J.P. Morgan on Monday priced $900 million of five-year notes backed by credit card receivables via its Chase Issuance Trust, according to a regulatory filing.
December 18 -
Carrington Holding Co. has hired Christopher Whalen to head its investment banking operations, according to the Santa Ana, Calif., mortgage banking and servicing company.
December 18 -
Neighborhood Pay Services (NPS) said it plans to expand its direct deposit platform, Rent Assurance, to distressed single family rentals that will be packaged in securitizations.
December 18 -
Investors, sponsors and sellers of asset backed commercial paper continue to buy split-rated assets, said Moody’s Investors Service in a report on Monday.
December 18 -
Issuance of Government National Mortgage Association-backed MBS jumped 12% in November on a sequential basis, to the highest level since December 2009.
December 17 -
Redwood Trust plans to increase its origination private label RMBS origination activity in 2013.
December 17