May 5, 2015 – Kyle Hranicky succeeds Mike Johnson, who the company had said in March would retire by June 30.
May 4, 2015 – Synchrony Credit Card Master Note Trust (Series 2015-2) will issue four tranches of three-year notes with preliminary ratings from Standard & Poor’s.
May 4, 2015 – JP Morgan believes that Fitch Ratings has been excluded from rating the junior tranche of two commercial mortgage securitizations after demanding more credit enhancement.
May 4, 2015 – The Series 2015-A consists of a single class of notes with a preliminary ‘A’ rating from Standard & Poor’s
May 1, 2015 – Asset backed securities that priced in the two weeks ended May 1, 2015.
May 1, 2015 – Underwriting league tables for asset backed securities for the year though May 1, 2015.
May 1, 2015 – Issuance of ABS, MBS and CMBS for the year through May 1,2015.
May 1, 2015 – Like the middle market lender's previous deal, Monroe BSL CLO 2015-1 complies with European risk retention requirements.
May 1, 2015 – Marketplace lender Social Finance has expanded its education loans to parents of students in 49 states and the District of Columbia.
May 1, 2015 – The credit quality of the collateral backing CAOT 2015-2 is slightly weaker than that of the used car retailer’s previous four transactions, but this is offset by an increase in credit enhancement.
Apr 30, 2015 – The bank has sent out an RFP on arranging a bond backed by commercial PACE loans it has originated. The securitization, for at least $50 million, would be the originators's second.
Apr 30, 2015 – Ocwen Financial and Assurant have reached an agreement to settle charges that the embattled mortgage servicer profited from kickbacks on force-placed insurance policies with struggling homeowners.
Apr 30, 2015 – Credit Suisse is back with a 2nd deal from its CSAIL 2015 series; Deutsche Bank and Cantor Fitzgerald’s are marketing COMM 2015-CCRE 23 and Wells Fargo is marketing WFCMT -C28.
Apr 30, 2015 – Crown Castle Towers LLC Series 2015-1 and 2015-2 will each issue approximately $375 million of notes; the allocation between the two series has yet to be determined.
Apr 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, it’s likely that the market will be tapping the brakes before the year is out.
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