October 22, 2014 – The deal with a higher average loan-to-value ratio had two tranches price 25 basis points wider.
October 22, 2014 – Commercial vehicle maker Navistar plans a securitization of dealer inventory receivables; the $211 million senior tranche is rated 'AAA' by DBRS.
October 22, 2014 – ReadyCap Commercial has completed its first securitization of small balance commercial mortgage loans; and Colony Financial is marketing $220 million of senior securities backed by the asset class.
October 22, 2014 – Some 71.7% of the loan pool behind Citigroup Mortgage Loan Trust 2014-J2 consists of qualified mortgages (QM). The other 28.3% are not subject to QM.
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
Single-family rental giants are financing smaller players, setting the stage for a new wave of issuance.Current Issue