The $462.3 million VMC 2018-FL2 will be backed by 25 properties, two of which will be acquired after the deal closes.
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Ginnie Mae officials are concerned about unusual activity with Department of Veterans Affairs cash-out refinances and are investigating the causes, as well as whether predatory lenders are taking advantage of veterans.
November 12 -
The Loan Syndications & Trading Association wants to introduce “delayed compensation” for brokers who have to wait too long to take possession from agent banks.
November 12 -
The $600 million FORT CRE 2018-1 is more highly leveraged than the private equity group's debut transaction in August 2016, it is also actively managed and includes a $50 million tranche of revolving notes.
November 12 -
VW Credit is also adding more Audi-brand vehicles to VALET 2018-2 compared to its earlier 2018 transaction that renewed a long-dormant ABS shelf.
November 9 -
The revised blueprint by Moelis & Co. LLC incorporates a pending regulatory capital plan for the mortgage giants.
November 9
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S&P considers the $1.034 billion lease securitization among the "most diversified" in lease-end concentrations, limiting the impact of future declines in residual values as cars come off lease.
November 8 -
Proceeds will be used to repay $788 million of bonds backed by franchise fees that were issued in 2016, pay down a revolving credit facility and potentially finance a dividend to Yum! Brands shareholders.
November 8 -
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.
November 8 -
Flagship, Santander Consumer USA and AmeriCredit are printing $2.3 billion in new notes backed by subprime auto-loan originations.
November 8 -
Commercial mortgages on retail buildings account for 45.2% of assets in the trust; many of these properties will be familiar to CMBS investors.
November 8 -
The passage of Proposition 111, which also prohibits lenders from adding origination and monthly maintenance fees, makes Colorado the fifth state to impose caps on payday loans through a voter referendum.
November 7 -
The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.
November 7















