By Kevin Wack
Lost in the battle between banks and retailers which is being fought with renewed vigor in the early days of the Trump administration is any consideration of how caps on interchange fees have affected consumer spending patterns.
March 1, 2017 – Like the real estate investment trusts previous transactions, the collateral was acquired by exercising cleanup calls on older, private-label securitizations that it services.
February 28, 2017 – So far, a single deal, from Ygrene Energy Fund, has earned a triple-A rating, and only from a single rating agency, Morningstar. But providers of Property Assessed Clean Energy Loans are optimistic that there will be more.
February 28, 2017 – Rules requiring skin in the game of securitizations caused a lot of hand wringing in the commercial mortgage bond market last year; turns out investors are big fans.
February 28, 2017 – Cumulative net losses are rising, even U.S. consumers appear to be in good health; Peter Kaplan of Merganser Capital blames longer-term loans, which indicate subprime borrowers are stretched.
February 21, 2017 – Credit scoring modelswhether from VantageScore, FICO, or any other developer are designed to rank order consumers. Credits scoresthe outputs of those models are not designed to predict a fixed level of risk.
February 19, 2017 – Increasingly, these transactions are being structured to give lessors more flexibility in terms of both the types of collateral and the ability to actively trade aircraft. As a result, transactions more accurately reflect lesssors fleets
February 17, 2017 – U.S. dollar denominated issuance by Canadian card companies has been rising for three years, and shows no signs of stopping, thanks to cheaper funding costs and increasing comfort levels of buyers south of the border.
February 6, 2017 – Even as the Trump Administration moves to loosen regulation, commercial mortgage bonds are enjoying a different kind of relief: Investors like risk retention so much they're willing to pay up for it.
February 2, 2017 – A federal appeals court ruling has opened the door for litigants to challenge a 2012 decision by the U.S. government to sweep all of Fannie Mae and Freddie Mac's profits into the coffers of the Treasury Department
January 30, 2017 – The deal is the latest in a series of large servicing acquisitions by the publicly traded New Residential Investment Corp; the New York-based nonbank will pay approximately $950 million and $32 million for Citi's mortgage servicing rights and related advances, respectively.
January 30, 2017 – Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.
January 23, 2017 – Like the refinancing that managers raced to complete before Dec. 24, 2016, this activity is driven by a desire to avoid retaining skin in the game. But this time, managers are taking advantage of a narrow exemption spelled out 18 months ago in a "no-action" letter from the SEC.
Treasurer, Head of Asset Management
Firm: NewStar Financial
Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.Current Issue