August 26, 2014 – The National Association of Federal Credit Unions strongly supports a proposed securitization rule, but wants its members to have more flexibility to purchase assets.
August 26, 2014 – Moodys Investors Service plans changes to its methodology for rating securities backed by the debt of start up companies that could result in downgrades of up to two notches on outstanding transactions.
August 25, 2014 – Barclays analysts estimate that $620 million of securitized commercial mortgages are exposed to Sundays 6.0 magnitude Napa Valley, California earthquake.
August 25, 2014 – The revisions would require asset-backed issuers to provide enhanced disclosures including information for certain asset classes about each asset in the underlying pool in a standardized, tagged format and revise the shelf offering process and eligibility criteria for asset-backed securities.
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.
August 4, 2014 – Chinese auto loan securitization, initially destined for a largely domestic investor base, is taking off.
August 1, 2014 – Investors who lost big on RMBS minted befor the financial crisis are focusing on a new target: the trustees who oversee these deals on their behalf.
July 31, 2014 – Its still more common for companies to finance sales that they have yet to collect on through asset-backed commercial paper conduits or asset-based loans, but term securitizations offer issuers more flexibility.
July 30, 2014 – Advances in technology could explain why lenders continue to offer subprime car loans. While the loans are still risky, these technologies have made the process of repossessing vehicles cheaper and easier, minimizing potential losses on soured loans.
July 29, 2014 – The solar industry is still developing, but Mercatus CEO Haresh Patel has suggestions for banks that want to get in on it now.
July 23, 2014 – Decisions about how to apply U.S. swaps trading rules abroad should be based less on fears of risk to the financial system and more on considerations of market integrity, according to attorney Timothy Karpoff.
July 21, 2014 – While the Volcker Rule gets blamed for the sudden lull in CLO issuance in January and February, its now getting some credit for helping one aspect of the roaring comeback: the infusion of new primary investors in triple-A tranches.
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