Mar 27, 2015 – The transaction is expected to consist of $230 million in pass-through certificates rated by at least two rating agencies and backed by 144 single-family residences, two- to-four-unit properties, condos, townhomes and multifamily properties.
Mar 27, 2015 – Lending analytics firm Orchard Platform has cut a deal with alternative small-business lender Kabbage to allow institutions to invest in the latter's relatively new line of consumer loans.
Mar 26, 2015 – The $1.2 billion Citigroup Commercial Mortgage Trust 2015-GC29 is backed by loans with an average LTV of 104.6%; many pay no interest for all or part of their terms.
Mar 26, 2015 – Ally Financial priced a $986.60 million auto lease securitization, adding to what has been a busy first quarter for this sector.
Mar 26, 2015 – The sponsor is paying interest of swaps plus 115 basis points on the 10-year senior tranche of Wells Fargo Commercial Mortgage Trust 2015-LC20. That's the same level as the senior tranche of Deutsche Bank's latest conduit.
Mar 25, 2015 – The Florida Hurricane Catastrophe Fund says it needs about $2.2 billion to shore up its liquidity needs and will examine using taxable municipal bonds or — for the first time ever — transferring a portion of its risk via reinsurance from the private sector. This could include catastrophe bonds.
Mar 25, 2015 – Freddie Mac upsized its latest offering of risk-sharing notes, demonstrating investor demand for the first loss position when homeowners stop making mortgage payments.
Mar 25, 2015 – Citigroup Mortgage Loan Trust 2015-A pools loans that were once delinquent, but have all been current for the past two years. The senior tranche benefits from credit enhancement of 30%, earning it an 'A' from Fitch Ratings.
Mar 25, 2015 – There are a lot of consumer, investor and regulatory complaints about how the nonbank servicing firm does business, but Morgan Stanley researchers offer reasons why certain investors and borrowers could benefit.
Mar 25, 2015 – The Massachusetts Bay Transportation Authority had previously looked into cat bonds and decided not to pursue issuance, according to deputy general manager and chief financial officer Jonathan Davis. Then came 110 inches of snow.
Mar 25, 2015 – Commercial mortgage-backed securities servicers have held on to real-estate owned properties for longer than usual, which could lead to a reversal in the declines in liquidations seen recently, according to a Fitch Ratings study.
Mar 24, 2015 – If you thought the subprime mortgage-backed security was an artifact of the past, think again. Nomura Holdings and Angel Oak Capital have a deal that may help revive the part of the market that went bust during the crisis. Their success could encourage more banks to dip their toes back into riskier mortgages.
Mar 24, 2015 – Targetting European investors, the agency has listed its risk-sharing deals on the Irish Stock Exchange while making sure to comply with the EU's risk retention rules.
Mar 24, 2015 – A joint venture between Global Logistics Properties and GIC PTE is the loan sponsor, or borrower, in all three cases and Goldman Sachs, Bank of America and Morgan Stanley the underwriters in all three loans, according to Morningstar.
Mar 24, 2015 – The announcement comes just hours after the company disclosed late Monday that it had missed another deadline to file its 2014 annual financial statement on time and wasn't sure when it would be able to file the statement.
Firm: 3i Debt Management
State attorneys general continue to aggressively investigate Ocwen Financial's mortgage servicing practices, but they are also mindful that too much enforcement could cripple the company and cause major headaches for millions of homeowners whose loans Ocwen services.Current Issue