It seems a lot of CLO managers who were worried about competing amid heavy supply in the fourth quarter have put issuance on hold until 1Q 2019.
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Bank jumbo mortgage underwriting standards weakened in the third quarter by the most in three years and as profitability remains under pressure, loosening should continue at an accelerated pace, a Moody's report said.
November 16 -
Accessory dwelling units are gaining attention as a way to boost the supply of rental housing; dedicated financing could help those who need it the most.
November 16 -
The $378.5 million transaction is more heavily leveraged than the sponsor's prior deal, completed in 2015; it is also rated one notch lower by Kroll.
November 16 -
Kroll assigned an AA+ to the Class A-1 tranche of EJF’s $351 million TruPS transaction, up two notches from AA- on the sponsor's prior transaction.
November 16 -
American Honda Finance's fourth auto-loan securitization of the year also features borrowers with higher scores and larger loans.
November 16
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Proceeds from the deal, which is rated by Kroll Bond Rating Agency, will be used to repay unrated notes that the company issued earlier in 2018.
November 15 -
Eagle Point's CEO criticized "hyperbole" about growing risks in leveraged loans and CLOs, noting the benefits that price volatility can present to equity buyers.
November 15 -
Calling a $149 million transaction and securitizing the notes allows Goal Structured Solutions to benefit from a reduction in spreads since 2016.
November 15 -
Citigroup CEO Michael Corbat added to the chorus of bankers offering warnings about credit risks that loom outside of the banking industry.
November 14 -
NIBC's €476.2 million transaction has comparable credit quality to recent deals in the Netherlands; the collateral has a weighted average LTV ratio of under 80% and weighted average seasoning of four years.
November 14 -
The conduit's allocation is unrelated to the e-tailer's big "HQ2" announcement this week, but is one of two investment-grade loans included in Citi's new 2018-C6 commercial mortgage pool.
November 14 -
While they won’t be in position to enact legislation, House Democrats could use their newfound power to spotlight issues that Republicans have largely ignored, including the exploding levels of corporate debt.
November 13
















