Continued diversification of its business lines and better margins in its securitization activities helped Redwood Trust overcome steep mortgage origination declines and post nearly 14% annual growth in net income during the third quarter.
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The electric car maker was able to offer less credit enhancement on the senior tranche of notes to be issued because residual value accounts for less of the collateral than its prior deal.
December 11 -
Carlyle Aviation Capital's AASET 2016-1 and ACG-affiliated Merlin 2016-1 each have a single aircraft on lease to Small Planet, according to Deutsche Bank Securities.
December 11 -
Both the $646M UBS 2018-C15 and the $796M MSC 2018-H4 deals have relatively low leverage, helped by the inclusion of loans with investment grade characteristics.
December 11 -
The transaction has a senior-note tranche with a double-A rating from DBRs, and is being arranged by Banco Santander.
December 10 -
The $153.7 million Peaks CLO 3 also features a high ceiling for triple-C-rated loans and for "current-pay" loans that meet one or more criteria for default.
December 10
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The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.
December 10 -
BSREP International, an entity controlled by Brookfield, obtained a £367.5 million mortgage and £91.9 million of mezzanine debt on CityPoint from Morgan Stanley.
December 7 -
New Penn Financial will change its name to NewRez at the start of 2019, reflecting its acquisition earlier this year by New Residential Investment Corp.
December 7 -
This time, the $98.4 million of underlying collateral was originated by before the financial crisis by Citibank via its former student lending affiliate, the Student Loan Corp.
December 7 -
Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.
December 6 -
This marketplace lender's third securitization of the year again features fewer 60-month loans, slightly higher FICOs and lower coupons.
December 6 -
A joint venture between the REIT and two Chinese investors obtained a $364 million five-year, fixed-rate loan on the portfolio from Column Financial.
December 6














