Mar 27, 2017 Fitch Ratings and Standard & Poors have each issued preliminary double-A ratings to the new 2017 senior series A bonds that are split among 11 classes of notes with varying maturities.
Mar 27, 2017 By bending over backward when borrowers trade in an older car for a new one, lenders are said to have embarked down an unsustainable path.
Mar 24, 2017 The $1.025 billion Commercial Mortgage Trust 2017-P7 relies on the "L" shaped risk retention strategy; Citigroup will retain 2.2% of the deal through vertical stake and Rialto Capital will hold another 7.7%
Mar 24, 2017 Harvest CLO XVII is the fifth new Euro-denominated collateralized loan obligation transaction of the year, with a pool of both secured term loans and high-yield bonds backing seven classes of rated notes and an unrated subordinate tranche. The size of the transaction is to be determined.
Mar 24, 2017 The time it takes to acquire a diversified pool of collateral is lengthening, yet banks are loathe to make warehouse lines of credit available for too long. So warehouse lines are being structured so as to attract capital from outside investors.
Mar 24, 2017 Morgan Stanley research stated that department stores account for only 6% of CLO retail exposures, there is more than $920 billion of loan exposure from Neiman Marcus residing in outstanding U.S. CLOs. Unfortunately for these CLOs, Neiman Marcus debt is priced near 80 cents on the dollar.
Mar 24, 2017 Issuance volume of asset-backed securities for the year through March 24, 2017.
Mar 24, 2017 Asset-backed securities that priced in the two weeks ended March 24, 2017.
Mar 24, 2017 Underwriting league tables for asset-backed securities for the year through March 24, 2017.
Mar 23, 2017 The indicative portfolio consists of 115 loans from 105 high-yield, speculative-grade borrowers with 13.3% of the loans concentrated in the telecom corridor, according to Fitch's presale report.
Mar 23, 2017 Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.
Mar 23, 2017 The two credit insurance risk transfer transactions are each linked to a pool of 30-year, fixed-rate mortgages that the government-sponsored agency acquired from January through July 2016.
Mar 22, 2017 The lawsuit against the Commercial Finance Association also names Andrea Petro, the president of the organization, and her employer, Wells Fargo & Co., as defendants, according to the complaint that was filed in in federal court last month.
Mar 22, 2017 The rating agency warns that net chargeoffs and serious delinquencies (60-plus days) will continue to mount despite strong macroeconomic conditions (such as jobs growth) and tightening underwriting standards among prime lenders,
Mar 22, 2017 Servicing practices that unnecessarily increase what a borrower owes can contribute to delinquencies. But other misconduct, such as inaccurate credit reporting, can have more insidious effects on a borrowers financial health.
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