By Kevin Wack
No corner of the banking industry has gotten a bigger near-term boost from Donald Trump's election than private student lenders. And that's saying something.
December 9, 2016 – A whopping 15 U.S. CLO deals priced in the first week of December, pushing issuance levels above 2015 activity as managers push to complete collateralized loan transactions before the onset of risk-retention requirements.
December 8, 2016 – A bipartisan duo of House lawmakers introduced a bill Thursday that would push Fannie Mae and Freddie Mac to engage in more credit risk-sharing transactions.
December 8, 2016 – One of latest proposals for reviving the private-label residential mortgage market involves improving communications between issuers and investors. Still up for discussion: how to pay for it.
December 8, 2016 – Development on the Common Securitization Platform has reached a point where Fannie Mae and Freddie Mac may be able to issue a uniform mortgage-backed security sometime in 2018.
December 6, 2016 – While requiring managers to hold 5% of the risk in their deals may be overkill, John Thacker of Crestline Denali Capital, sees merit in aligning the firm's interest with those of its clients.
December 1, 2016 – The recent shake-up at CAN Capital could spark greater scrutiny of a sector that has drawn comparisons to the bubble-era subprime mortgage market.
November 17, 2016 – A picture of consistency for several years now, U.S. structured finance is once again set for mostly stable rating performance in 2017. That said, asset performance has peaked in many sectors with modest declines expected over the course of next year.
November 15, 2016 – Unlke the residential mortgage market, owners of commercial property typically seek a mortgage lender's consent before obtaining financing for energy efficiency upgrades.
November 11, 2016 – Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.
November 4, 2016 – "It is one of the most exciting innovations in the mortgage market in my career," said Chris Hentemann, chief investment officer at 400 Capital Management, at an Urban Institute housing finance symposium this week.
Treasurer, Head of Asset Management
Firm: NewStar Financial
The wireless carrier, though only rated single-B, has more leeway from existing investors to enter into a transaction like this than even some investment-grade companies, according to Covenant Review.Current Issue