January 30, 2015 – Wayne Potters and Adam Ansaldi will head the Societe Generale CMBS team, based in New York.
January 30, 2015 – The class A, three-year triple-A notes issued by GE Dealer Floorplan Master Note Trust 2015-1 pay a spread of 50 basis points over one-month Libor.
January 29, 2015 – The deal, OMFIT 2015-1, sold the class A notes with a weighted average life of 3.5 years at a spread of 210 basis points over interpolated swaps. The notes yielded 3.2%.
January 29, 2015 – Moodys Investors Service has assigned a deal bundling loans originated via Prosper's P2P platform preliminary ratings of Baa3 on the one-year, Class A notes and Ba3 on the 2.88-year, class B notes.
January 29, 2015 – The industry may be hoping the Supreme Court kills the unpopular disparate impact theory via a pivotal Texas case argued Jan. 21, but some of the justices statements left analysts skeptical that the legal basis used in fair lending cases will end.
January 28, 2015 – Forget the swaps pushout; structured finance professionals are much more concerned about a proposal that would require ABS vehicles to post variation margin basically additional cash everyday on the swaps they tend to engage in.
January 23, 2015 – While larger lessors such as Aercap and GE Capital Aviation Services have generally found funding via general corporate obligations to be more attractive, securitization has become an important source of capital for some smaller firms that would have difficulty tapping the high yield bond market.
January 23, 2015 – Moody's Investors Services' rankings for the fourth quarter of 2014 still includes many familiar names, but the industry's heavyweights lost ground to some medium-sized managers.
January 21, 2015 – An economy on the rebound and greater regulatory clarity are two leading catalysts. Another is the prospect of rising interest rates, which should make it more attractive to issue short-term debt to fund longer-term assets, such as consumer loans and other kinds of debt that will eventually be securitized.
January 15, 2015 – Recent deals have included around 50 to 100 properties per transaction, but bigger deals, one including as many as 2,500 properties, are beginning to take place; Blackstone Group's global head of real estate Jonathan Gray has expressed interest in buying up public REITs.
January 13, 2015 – Freddie Mac in the next month plans to approve three more lenders, including one bank, to make multifamily loans between $1 million and $5 million for GSE purchase and securitization, according to an official. Banks were not initially courted.
December 23, 2014 – Commercial real estate lenders are quietly acknowledging regulators' fear of concentration risk by swapping out new loan pools with assets they didnt underwrite themselves and more often than not, they're paying a premium to do it.
December 17, 2014 – European banks have begun re-marketing securitizations that they had retained as collateral for central bank funding, and this is expected to accelerate in 2015.
December 12, 2014 – The American Bankruptcy Institutes Commission to Study the Reform of Chapter 11 has released its long-awaited report; it includes a number of proposals that could reduce recoveries for secured creditors, including collateralized loan obligations
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
The $300 billion of CMBS maturing over the next three years will test the recovery of the capital markets.Current Issue