By Allison Bisbey
To avoid either running afoul of the FDIC or potentially ceding market share, the bank has to get some of the loans that it makes off its books, either via whole loan sales or securitization
May 22, 2015 – Borrowers are slightly weaker than those in deals recently rated by Kroll, though still relatively strong; leverage is also slightly higher, and 11.5% of loans have 10-year interest-only periods.
May 21, 2015 – A portfolio of two loan groups backs the securitization called Towd Point Mortgage Trust 2015-2. One pools approximately 3,121 loans with a balance of $715 million; the other pools 1,289 loans with a balance of $243 million.
May 21, 2015 – The $184.8 million of notes are expected to be rated AA by Standard & Poors and A by Fitch Ratings. Sizes and maturities of individual tranches have yet to be determined.
May 21, 2015 – J.P. Morgan plans to issues $600 million of securities backed by credit card receivables via its Chase Issuance Trust, according to an offering circular registered with the Securities and Exchange Commission.
May 18, 2015 – Student loan borrowers are in serious need of better communication with loan servicers and clearer information about their servicing options, regulators were told last week.
May 17, 2015 – A select group of investors that buy the riskiest slices of commercial mortgage securitizations have lost their appetite for the very worst offending loans.
May 18, 2015 – As major banks have pulled back from originating Federal Housing Administration single-family loans, nonbank mortgage lenders have become bigger players in the Ginnie Mae program.
May 11, 2015 – Analysts from the bank are scratching their heads over the regulatory treatment for European insurers investing in U.S. asset-backeds directly or through funds. Their advice to regulators: postpone Solvency II until 2017.
May 8, 2015 – A survey of some 50 managers of collateralized loan obligations indicates that just over 40% plan to employ the horizontal strategy and nearly 35% to employ the vertical strategy; many will decide on a deal-by-deal basis.
May 7, 2015 – Marketplace lenders are still enjoying spectacular growth, but tough questions are starting to emerge about how much money these burgeoning firms will have to spend to continue boosting their loan volumes.
April 30, 2015 – Smaller solar power developers would be able to tap the securitization market if they could bundle leases or purchase agreements for installing solar panels into a single deal, said industry players at IMN's 3rd Sunshine-Backed Bonds Conference.
May 5, 2015 – It is a reflection of the mortgage giants' confidence in obtaining a clear and early understanding of valuations.
April 30, 2015 – CLO issuance has been surprisingly robust in 2015 but as many industry participants observed at an industry conference in New York last week, its likely that the market will be tapping the brakes before the year is out.
April 28, 2015 – The new securities come with stronger protections and a slightly different name than the CRE CDO label a reference to collateralized debt obligations.
April 21, 2015 – Rather than wait and see whether deals otherwise grandfathered can be refinanced after December 2016 without triggering compliance, it is issuing new deals with shorter non-callable periods.
April 16, 2015 – These companies are targeting the most lucrative credit card customers: people with large revolving balances paying interest rates in the high double digits.
Firm: 3i Debt Management
It's one of the biggest regulatory hurdles the market has faced since the financial crisis, and promises to bring wholesale changes to the structures of transactions as well as to the business models of managers. Clifford Chance partner Steven Kolyer weighs in.Current Issue