The merger between T-Mobile with MetroPCS Communications is a modest credit positive for collateralized loan obligations, In terms of CLO exposure, S&P reported that MetroPCS is in 331 deals and is the 26th ranked obligor.
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Societe Generale said it hired Warren Geiger as a managing director and senior CMBS trader in New York.
December 6 -
RBC Capital Markets hired Ming Tang to its new collateralized loan obligations (CLOs) trading team, a spokesperson with the bank confirmed this week.
December 6 -
Moody’s Investor Service has assigned a Prime-1 rating to Royal Bank of Canada’s $10 Billion ABCP Program called Bedford Row Funding Corp.
December 5 -
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Trepp LLC said in a report today that November CMBS delinquency rates increased by 2 basis points, reversing a consecutive three month declining trend.
December 5
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A slight decline in refinance activity for all of November supports current prepayment expectations for December and January.
December 5 -
Redwood Trust filed a registration statement with the Securities and Exchange Commission to issue its first mortgage backed securities transaction for 2013 under its Sequoia series of deals.
December 5 -
The CMBS primary pipeline looks set to continue a busy pace until the end of the year with three deals marketing this week.
December 5 -
Freddie Mac announced its seventeenth multifamily mortgage backed securities for this year; the $1.1 billion structured pass-through certificates called K-023, is expected to price this week, .
December 5 -
A new Spanish mortgage law that gives a certain category of borrower a reprieve from foreclosure raises the risks of further measures that might hurt recoveries on defaulted loans.
December 4 -
For clues about where European RMBS performance is headed, Barclays Bank analysts are looking at jobless rates.
December 4 -
Standard & Poor’s today projected that securitizations of credit card receivables in the U.S. should hit $40 billion in issuance in 2013.
December 4

