While Fannie, Freddie and Ginnie continued to dominate the business of securitizing income-property mortgages, issuance of non-agency CMBS gained ground in 2019 thanks to significant increases in office, industrial and multifamily transactions. Read More
To avoid retaining risk in securitization deals, mortgage lenders are joining hands with investors who act as “co-sponsors” and take on the first-loss position. Read More
Radian has pulled the plug on its experiment in the due diligence arena by selling Clayton Services. The unit’s new owner, Covius, is bullish on its prospects. Read More
Fannie and Freddie should report blowout earnings for the fourth quarter. How’s that? Strong securitization volumes and no negative hedging results. Read More
The New York Department of Financial Services has asked financial institutions to accelerate LIBOR transition and submit plans for addressing the risks associated with moving to an alternative benchmark rate. Read More
The current standard language in leveraged loan documents may expose issuers to heightened credit risk and a spike in debt service costs when LIBOR is no longer viable, according to Fitch Ratings. Read More
Issuance of aircraft-related ABS is expected to shoot up in the coming years but industry analysts are warning about potential performance issues. Fitch said it’s taking a cautious approach to rating new deals. Read More