MGIC Moves to Lower Debt Costs, Completes $650M Note Sale August 13, 2020 Paul Muolo The debt market has been a welcoming place for all sorts of issuers of late. The latest participant: MGIC Investment Corp.Read More
LendingTree Sells Five-Year Paper on the Cheap July 23, 2020 Paul Muolo With rates at rock bottom, LendingTree is selling $500 million worth of short-term corporate paper. Not bad for a loan broker.Read More
SEC Urged to Up Disclosures for MBS and ABS Ratings June 18, 2020 Brandon Ivey An advisory panel has called for greater transparency around credit ratings. SEC officials say the reforms could be difficult to implement.Read More
Title Insurance Giant Sells 10-Year Paper at 3.40% June 18, 2020 Paul Muolo Mortgage industry vendors seem to have no trouble tapping the capital markets these days. The latest example: Fidelity National Financial.Read More
Fitch Cautions that Marketplace Lender ABS Could Be Harder Hit May 14, 2020 Brandon Ivey The performance of ABS from marketplace lenders could take a harder hit from the pandemic than other types of MBS and ABS, said Fitch.Read More
ABS Investors Waiting For TALF to be Operational May 7, 2020 Brandon Ivey As the Federal Reserve works to get TALF up and running, industry participants hope more types of assets are added to the mix.Read More
Rating Services Place Consumer ABS on Watch April 30, 2020 Yemeng Yang Rating services anticipate the sharp rise in the unemployment rate brought on by the pandemic will damage borrowers’ ability to repay loans.Read More
Auto ABS Deals Return, Investor Demand Strong April 23, 2020 Brandon Ivey Auto ABS offerings returning to the market are being met with strong demand from investors, prompting deal sizes to be increased.Read More
ABS Market Alive: Oil Deal Completed, Auto in Works April 16, 2020 Brandon Ivey A $200 million ABS backed by oil and gas assets closed this week while presale reports were published for four auto-backed transactions. Read More
Fed Adds Assets Eligible for TALF, Industry Pushes for More April 9, 2020 Brandon Ivey Following pressure from industry participants and lawmakers, the Federal Reserve added legacy commercial MBS and CLOs to the TALF. Industry is hoping that eventually non-QM assets might be covered.Read More