Bram Smith is retiring as executive director of the Loans Syndication & Trading Association effective at years end, the trade group announced Thursday. Smith has been with the LSTA for nine years, joining as interim executive director in September 2008 before he was installed as permanent ED in December 2009.
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Investors are lining up to buy bonds backed by the franchise fees of fast food chains, providing attractive financing for their private equity backers.
June 4
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Credit metrics in a $147.5 million deal deteriorated mildly compared with the lender's previous securitization, but the real issue, according to S&P Global, is a new repossession fee that eats into recoveries.
June 1
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Late payments on securitized commercial mortgages fell in May, bucking the trend of the past year. But all of the improvement came from office buildings.
June 1
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Domino’s Pizza, the restaurant and delivery chain owned by Bain Capital, is marketing $2.075 billion of notes backed by the fees and payments from its network 14,000 franchised stores.
June 1
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GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
May 31
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A real estate investment fund controlled by Blackstone Group is tapping the commercial mortgage bond market to refinance a portfolio of 18 life science, laboratory and medical buildings.
May 31
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Center Parcs Group, a company that operates short-break vacation sites across England, plans to sell £830 million (US$1.06 billion) in bonds backed by its operational cash flow.
May 31
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The investment bank, which co-lead the lender's previous two transactions, contributed a portion of the collateral for the $232 million student loan securitization.
May 30
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CMSC 2017-FHA1 is the first transaction of 2017 from this issuance shelf, and the deal by anyone backed by reperforming FHA mortgages since 2010, according to Moody’s Investors Service.
May 30
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FHFA Sounds Alarm on Home Loan Bank Funding, Advances
May 30
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The broad bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Tex., would provide an off-ramp for banks that agree to hold a leverage ratio of at least 10% and would gut the Consumer Financial Protection Bureau, among other provisions.
May 25
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The Massachussetts Educational Financing Authority is issuing $162.23 million of private student loan revenue bonds; Fannie Mae obtains more front-end credit risk transfer; Canadian Tire Bank taps credit card market.
May 25
