October 30, 2014 – Two timeshares securitizations totaling $445 million priced Thursday, bringing the total for the month of October to $822 million - one of the busiest months ever.
October 30, 2014 – Two timeshares securitizations totaling $445 million priced Thursday, bringing the total for the month of October to $822 million - one of the busiest months over.
October 30, 2014 – The credit quality of the pool of loans backing the deal is strong, but it includes more long-term loans than any recently rated by Moody's Investors Service.
October 30, 2014 – CarMax Auto Owner Trust (CAOT) 2014-4 will issue a million money market tranche and three tranches with preliminary AAA ratings from Fitch Ratings.
October 27, 2014 – Buy-to-rent mortgage specialist B2R behaves like a commercial lender when underwriting loans to small-to-medium landlords, an approach that differs from the residential lens the GSEs use for individuals looking to buy rental properties.
October 22, 2014 – Risky mortgage lending may have triggered the financial crisis, but final risk retention rules go much easier on mortgages than securitizations of other kinds of assets.
October 23, 2014 – Rising interest rates could reduce an important form of credit enhancement for U.S. collateralized loan obligations, potential putting them at risk for downgrades in their credit ratings, according to Moodys Investors Service.
October 21, 2014 – Regulators are finally ready to unveil a final risk retention rule, but whether the new regulation provides enough certainty to jump start the mortgage securitization market is an open question.
October 17, 2014 – The student lending industry argues that the problems the CFPB is finding in the market are more related to federal loans than private ones and disagrees with the agency's push to allow student loans to be charged off in bankruptcy,
October 9, 2014 – A New Jersey bankruptcy judge argues that Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.
October 8, 2014 – In another sign of strong demand by investors for nonperforming residential mortgages, the asset class is edging closer to more rated, public securitizations a rarity in this largely opaque market.
October 5, 2014 – Rescap Liquidating Trust, the surviving entity from the bankruptcy of Residential Capital, has filed lawsuits against originators of faulty mortgages that it securitized; it could be a bellwether for other loan aggregators.
September 29, 2014 – Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data and possibly colored by spite?
September 29, 2014 – Another rash of Sears and affiliate Kmart closings are planned, at least six of which will impact existing CMBS deals, either directly because the stores are a part of collateral backing the deals, or indirectly because the closures will damp mall business.
September 19, 2014 – JPMorgan Chase is planning a fourth quarter spurt of mortgage bond sales that would keep afloat the market for securities not guaranteed by Fannie Mae and Freddie Mac.
September 19, 2014 – The Volcker Rule doesnt apply on their turf, but European CLO managers are nearly as eager to come in line with the regulation as their U.S. counterparts.
September 15, 2014 – Albina Community Bancorp nearly managed to wriggle out of a trust-preferred vise, but it could still find itself getting squeezed.
September 11, 2014 – Single-family rental giants are financing smaller players, setting the stage for a new wave of issuance.
September 10, 2014 – A judge has ruled that the involuntary bankruptcy of FMB Bancshares in Lakeland, Ga., may proceed, a decision that could embolden more trust-preferred creditors to pursue a similar strategy.
September 10, 2014 – Jardine Lloyd Thomson Capital Markets allows sponsors of catastrophe bonds to piggyback on its Market Re platform, reducing frictional costs. This makes makes it easier for smaller issuers, or those looking offload a specific risk, to access the market.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data — and possibly colored by spite?Current Issue