Kensington Mortgage Co. plans to issue a bonds backed by a portfolio of recently acquired GE Money originated U.K. mortgages.
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Kevin Palmer, senior vice president of credit risk transfer at Freddie Mac, holds that the timing of transactions offloading the risk of default on mortgages is less important than what he terms reimbursement risk."
February 2
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Veteran corporate structured finance attorney Chris Gavin has taken a partnership role in the capital markets group at Cadwalader, Wickersham & Taft, joining the New York firm as it looks to expand its mortgage ABS practice.
February 1 -
The Hertz Corp. is preparing two as-yet unsized offerings of bonds backed by rental car fleet financing, according to rating agency reports.
February 1 -
Clayton Holdings said Monday that it had been selected by Angel Oak Capital Advisors to be the representation and warranty reviewer for a $150.4 million private-label securitization of non-prime loans.
February 1 -
MotoVoto Finance, one of the U.K.s largest players in used car financing, is preparing to market its sixth securitization of an undetermined volume of its fixed-rate consumer auto leases.
February 1
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Issuance of U.S. collateralized loan obligtions is off to a slow start, with just two deals pricing in January; a single European deal priced.
January 29 -
OneMain Financial is preparing to package $555.6 million of subprime consumer loan receivables in its first asset-backed securitization since its acquisition by Springleaf Financial from Citigroup was completed in November.
January 29 -
Exeter Finance Corp. has upped credit enhancement for its latest subprime auto loan securitization to compensate for an increase in losses on recently originated loans.
January 29 -
Underwriting league tables for asset-backed securities for the year through January 29, 2016.
January 29 -
Issuance volume of asset-backed securities for the year through January 29, 2016.
January 29 -
The ongoing deterioration in crude oil prices is raising concerns that the energy sectors distress will drag down CLOs that have overweight debt exposure to exploration/production and oilfield services firms.
January 29
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CIFC Corp. saw its stock soar 22.32% Thursday after the No.1 ranked U.S. CLO manager by deals under management announced it had retained JPMorgan to explore a possible sale of the company.
January 28
