Sep 16, 2014 – Deutsche Bank plans to issue €250 million ($324 million) of securities backed by two commercial mortgage loans that are secured by 20 properties, according to a person familiar with the deal.
Sep 16, 2014 – The company focuses on particularly low FICO subprime borrowers but has a long track record in the business.
Sep 16, 2014 – The super senior 10-year tranche of GSMS 2014-GC24, rated Aaa/ AAA/ AAA by Moody's Investors Service, Kroll Bond Rating Agency, and Morningstar, priced at swaps plus 87 basis points.
Sep 16, 2014 – Three offerings of commercial mortgage bonds, two conduits and a deal backed by a single loan on Park Avenue Tower in Manhattan, add some $2.4 billion of supply this week.
Sep 16, 2014 – The agency says that if certain kinds of funding for smaller lenders were to evaporate, they may find they have few alternatives. Collateral in that case could end up under-serviced.
Sep 16, 2014 – The deal, American Express 2014-3, was originally sized at $720 million, including $650 million of class A notes and $28.2 million of class B notes.
Sep 16, 2014 – Two Harbors is marketing a $374 million offering of residential mortgage bonds, the second via its Agate Bay Mortgage Trust, according to a presale report published by DBRS.
Sep 15, 2014 – Albina Community Bancorp nearly managed to wriggle out of a trust-preferred vise, but it could still find itself getting squeezed.
Sep 15, 2014 – Top underwriters for asset-backed securities for the year to date through Sept. 12, 2014.
Sep 15, 2014 – View Thomson Reuters data on issuance for the year to date for ABS, MBS, and CMBS.
Sep 15, 2014 – See the ABS deals that priced in the two week ended Sept. 12, 2014.
Sep 15, 2014 – RIAL Series, 2014 - LT6, is a liquidation vehicle that monetizes recoveries from 1,032 repossessed properties, non-performing loans and a few performing loans with an aggregate unpaid principal balance of $524.5 million,
Sep 15, 2014 – American Express will issue $720 million of securities backed by a pool of credit card receivables originated at least four years ago.
Sep 15, 2014 – The deal will offer $154.8 million in notes backed by sublrime auto loan receivables. It is the issuer's third securitization overall and the first time the company hired Kroll Bond Ratings.
Sep 15, 2014 – Ally Bank is marketing a $1.5 billion prime auto loan securitization. Credit Suisse, Barclays and Bank of American Merrill Lynch are the lead underwriters.
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