September 19, 2014 – Some $90 billion has been issued through the year to date and the bank expects to see another $40 billion - $40 billion in the fourth quarter.
September 19, 2014 – Morgan Stanley and Bank of America Merrill Lynch priced a $911 million conduit backed by 65 loans on 100 properties; Deutsche Bank and Cantor Fitzgerald also priced $1 billion-plus deal.
September 18, 2014 – The Aaa/ AAA/ AAA rated class A notes priced at a spread of 110 basis points over one-month Libor, the same level as American Residential's inaugural deal issued in August.
September 18, 2014 – A split rating at the senior note level had no apparent impact on investor demand for the latest offering of commercial mortgage bonds from JP Morgan and Barclays.
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.
September 2, 2014 – While a proposed rule applies to several kinds of loans, Moodys Investors Service expects that auto loans are the most likely asset to be securitized. Auto loans have been one of credit unions fastest growing asset class for two straight years and are the most widely offered product.
August 29, 2014 – Much of the input the Treasury Department has received on jump-starting private label mortgage securitization endorsed obvious steps; but there were some newer ideas.
August 21, 2014 – Regulatory hurdles, stability of counterparties, the rep and warranties framework, exogenous variables, and technical factors all pose challenges; but GSE reform will probably have the biggest influence, according to Morningstar.
August 19, 2014 – The always-important question of what Fannie Mae and Freddie Mac charge for loan guarantees is emerging as a central issue in the development of a stable housing finance market.
August 7, 2014 – The auto loan market has a different track record and players than mortgages, setting the stage for a unique fight among prosecutors, lenders and dealers.
August 5, 2014 – The entrance of new equity investors, including business development corporations and CLO equity funds, willing to contribute the first-loss piece has led to a return of warehouse bridge funding lines that dried up after the financial crisis.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.Current Issue