The HUD has admitted that the FHA Mutual Mortgage Insurance Fund is in the red by at least $16.3 billion with a negative capital ratio of 1.44%.
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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 -
Sallie Mae priced its $1.2 billion securitization of Federal Family Education Loan Program (FFELP) loans, SLM 2013-1.
February 7
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Morgan Stanley is arranging a $500 million collateralized loan obligation for Sankaty Advisors,
February 7 -
Discover Bank priced the two series of note issuance from its credit card master trust, 2013-1 and 2013-2.
February 6 -
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Peter Albano is joining Oppenheimer & Co. Inc. as head of taxable fixed-income sales, overseeing mortgage-backed securities as well as high-grade corporate credits and institutional emerging markets.
February 6 -
Goldman Sachs plans to issue a $500million single-borrower CMBS backed by Kings Plaza Mall in Brooklyn.
February 6 -
Discover Bank is planning to issue $1 billion from is credit card master trust over two series of note issuance, 2013-1 and 2013-2.
February 6 -
Morgan Stanley and Bank of America Merrill Lynch issued a $1.13 billion conduit, series 2013-C8 on Tuesday afternoon.
February 6
