Standard &Poor's said today that used vehicle sales are likely to increase more than 2% y/y in August to 3.9mn units, signaling continued auto loan originations and ABS issuance.
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NorthStar Realty Finance Corp priced its $351 million CMBS transaction, 2012-1, at a weighted average coupon of LIBOR + 1.63%, amid concerns, cited by Fitch Ratings, that the structure's triple-A bond lacks sufficient credit enhancement.
October 29 -
Bank of America Merrill Lynch said in a report on Friday that half of all outstanding CMBS conduit loans set to mature over the next five years, would be able to refinance successfully.
October 29 -
It appears that the days of the U.S. Treasury Department doling out money to Fannie Mae and Freddie Mac are just about over, according to a new report from the Federal Housing Finance Agency (FHFA).
October 28 -
Citigroup Global Markets analysts said that they expect a spurt of regulatory activity after the Nov. 6 presidential elections.
October 28 -
Bank of America Merrill Lynch analysts maintain their positive view on student loan ABS given recent reports showing trends that can reduce headline risk in the sector.
October 28
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Based on volume, this week was one of the quietest weeks since July with many securitization participants were away attending two major conferences through part of the week.
October 26 -
Deutsche Annington agreed to final terms for a refinancing of GRAND, a German mutifamily CMBS transaction, with a group of senior and junior noteholders representing 44% of the total.
October 26 -
Ally has “launched a process to explore strategic alternatives for its agency mortgage servicing rights portfolio and its business lending operations.”
October 26 -
The REO-to-Rent sector has attracted capital and interest from several meaningful REITS, according to a Keefe, Bruyette & Woods report.
October 26 -
Chairman of the House Oversight Committee Rep. Darrel Issa has asked NCUA’s Inspector General to investigate the use of contingency fees in civil suits against banks over their sale of MBS to five failed corporate credit unions.
October 26 -
The board of ResCap Thursday afternoon said it approved a $1.5 billion bid by insurance conglomerate Berkshire Hathaway to buy roughly 47,000 whole loans from the bankrupt mortgage company.
October 26 -
A rise in consolidation prepayments in some recent FFELP that back student loan securitizations is a result of students taking advantage of the Direct Loan Consolidation Program.
October 25