By Felipe Ossa
The inclusion of a loan secured by Chicagos Prudential Plaza in a recent CMBS is causing a stir. Some investors are on edge about the propertys recent financing history, which suggest sharply different appraisal values within weeks of each other.
October 7, 2015 – Fitch Ratings expects to assign AAA ratings to all 20 tranches of Series 2015 bonds to be issued via the Utility Debt Securitization Authority.
October 6, 2015 – Purchasing Power Funding 2015-A bundles contracts offered by the sponsor through "members only" programs that deduct payments directly from consumers paychecks.
October 6, 2015 – The lender, which targets subprime borrowers, boosted the percentage of borrowers in the deal with credit scores on the high end of its scale from DriveTime's previous securitization.
October 6, 2015 – The CIFC Veteran will serve as managing director of structure capital markets for leveraged finance at the Park Ridge, N.J.-based subsidiary of RidgeWorth Capital Management.
October 6, 2015 – If we can't identify adequate capital to bear mortgage credit losses when they are incurred, aren't we setting ourselves up for another series of bailouts in the next housing downturn?
October 1, 2015 – Federal student loan servicers could not market other products to borrowers and private student loans lacking certain protections could be discharged in bankruptcy under new recommendations unveiled Thursday by the Obama administration.
September 29, 2015 – As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.
September 24, 2015 – The founder, chairman and chief executive of PennyMac Financial Services argues that private investors should take on the risk of actual losses on mortgage bonds guaranteed by Fannie Mae and Freddie Mac.
September 22, 2015 – A stop sale could trigger early repayment on bonds backed by receivables collected from lines of credit the sponsor makes to dealerships, according to Barclays.
September 22, 2015 – Despite a steep selloff in leveraged loans, few CLO managers are rushing to sell securities in the expectation of being able to source collateral quickly. That's because bargains are concentrated in the oil and gas sectors.
September 17, 2015 – Former Federal Housing Finance Agency chief Edward DeMarco criticized policies that seek to increase home ownership by boosting debt, rather than building equity.
September 11, 2015 – As the trough of the interest rate cycle comes to end, the conference will play host to more talk of how resilient the underlying credits often consumers are in securitizations.
September 14, 2015 – Loan-to-value ratios in commercial real estate lending have returned to their levels from the bubble days, Moody's says. Loss-rates look good for now, but trouble could be coming.
September 4, 2015 – Federally guaranteed student loans are supposed to be a bulletproof asset class for securitization, but investors are learning that they can't be sure exactly when they will be repaid.
Firm: Broadmoor Consulting LLC
In the news: Marketplace Lenders Are a Systemic Risk
As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.Current Issue