By Kevin Wack
U.S. banks are taking bigger risks in auto lending as they compete for market share in a sector that remains red-hot.
May 27, 2016 – Specialized lender Oxford Finance is securitizing a $324 million notes package backed by first-lien senior loans it has originated for life sciences research firms and healthcare services companies.
May 27, 2016 – GREEN STORM 2016 B.V., a 271.3M RMBS in The Netherlands, is the first-ever securitization of homes pooled together specifically for their energy-efficiency rating, according to Moody's.
May 26, 2016 – Government scrutiny could intensify default risks on up to $1.88 billion of commercial mortgage bonds backed by properties occupied by the likes of Corinthian Colleges, the University of Phoenix, and DeVry,
May 26, 2016 – The government sponsored enterprise said Wednesday that it recently obtained an Agency Credit Insurance Policy that provides protection up to a combined maximum limit of approximately $201 million of losses on single-family loans.
May 26, 2016 – Recent legislative proposals to make piecemeal changes to the government-sponsored enterprises could set broader GSE reform on the wrong path.
May 24, 2016 – The due-diligence firms that vet loans before securitization are erring on the side of caution when assessing the risk to investors of liability from the new consumer mortgage disclosure rules.
May 23, 2016 – The nascent industry's early success will mean very little if these new companies don't take necessary steps to position themselves for the long term.
May 19, 2016 – Freddie already transfers the bulk of credit risk in multifamily mortgages to investors through K-Deals, which look a lot like private-label commercial mortgage bonds. The new program, Structured Credit Risk, targets housing authority loans, which arent eligible to be used as collateral for K-Deals.
May 16, 2016 – Participants at the IMN CLO Conference think the industry has more to worry about than exposure to oil and gas company loans; in fact, many think think the retail sector poses an even bigger risk to collateralized loan obligations.
May 12, 2016 – The government-sponsored enterprises' risk-sharing deals are being hailed as an innovative approach for Fannie Mae and Freddie Mac to offload credit exposure to private markets. But their growing popularity is raising questions about how these transactions should be reported in financial statements.
May 11, 2016 – Business development companies saw the value of their holdings in collateralized loan obligations fall further in the first quarter. Despite pressure from shareholders, however, they did not trim their holdings in the first quarter.
May 9, 2016 – Legislation that would authorize the use of private flood insurance on Fannie Mae and Freddie Mac mortgages was overwhelmingly approved by the House late last month, but concerns about its potential impact are beginning to crop up.
Firm: Broadmoor Consulting LLC
In the news: Marketplace Lenders Are a Systemic Risk
For the first time since the financial crisis, some collateralized loan obligations are being forced to divert funds normally used to pay junior noteholders to be used for the benefit of more senior noteholders.Current Issue