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Latest Securitization Stories

2014-10-29 08:21:40

- Net income of $423 million, $0.74 per diluted common share, adjusted EPS of $0.53 NEW YORK, Oct. 29, 2014 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported net income of $423 million, or $0.74 per diluted common share, for the third quarter of 2014 compared to net income of $323 million, or $0.54 per diluted common share, in the prior quarter, and net income of $91 million, or a loss of $0.27 per diluted common share, for the third quarter of 2013. The company reported core...

2014-10-24 16:24:18

NEW YORK, Oct. 24, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings to five classes of single-family rental pass-through certificates from Invitation Homes 2014-SFR3 (IH 2014-SFR3), a single-family rental securitization. The preliminary ratings are based on information known to Morningstar as of Oct. 24, 2014. PRELIMINARY RATINGS (AS OF OCT. 24, 2014) ---------------------------------------- Class...

2014-10-13 16:20:55

IRVING, Texas, Oct. 13, 2014 /PRNewswire/ -- Exeter Finance Corp. ("Exeter") announced today the pricing of a $500 million securitization backed by auto loan receivables. The private offering consisted of four classes of fixed rate notes issued by Exeter Auto Receivables Trust ("EART") 2014-3 (collectively the "Notes") and priced on October 9, 2014. http://photos.prnewswire.com/prnvar/20141013/151804LOGO The Class A notes were rated AAA/AA by DBRS and Standard & Poor's,...

2014-10-01 08:35:05

NORTHBROOK, Ill., Oct. 1, 2014 /PRNewswire/ -- KapStone Paper and Packaging Corporation (NYSE: KS) ("KapStone") entered into an accounts receivable securitization arrangement ("Securitization") with Wells Fargo Bank, N.A. and PNC Bank, N.A. on September 26, 2014. The Securitization generated proceeds of $175 million which were used to partially prepay the Company's existing term loans. Due to a lower interest rate on the Securitization, KapStone's gross annual interest expense will...

2014-09-25 16:22:56

BRISTOL, Va., Sept. 25, 2014 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal supplier, announced today that it has amended and extended its senior secured credit facility and established a new accounts receivable securitization facility, further enhancing the company's long-term financial flexibility. "The amendment of the senior secured credit facility and the establishment of the new accounts receivable facility solidify our current robust...

2014-09-12 12:24:17

NEW YORK, Sept. 12, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today assigned preliminary ratings to six classes of single-family rental pass-through certificates from Progress Residential 2014-SFR1 Trust (Progress 2014-SFR1), a single-family rental securitization. The preliminary ratings are based on information known to Morningstar as of Sept. 12, 2014. PRELIMINARY RATINGS (AS OF SEPT. 12, 2014) ----------------------------------------- Class...

2014-09-12 08:24:19

NEW YORK, Sept. 12, 2014 /PRNewswire/ -- Morningstar Credit Ratings, LLC today affirmed its 'MOR CS1' commercial mortgage primary servicer ranking and 'MOR CS2' commercial mortgage master servicer ranking for Prudential Asset Resources, Inc. (PAR), a subsidiary business unit of Prudential Mortgage Capital Company. The affirmed commercial mortgage primary and master servicer rankings are based on the following factors: Primary Servicing: -- Diligent portfolio management: Morningstar...

2014-08-11 16:22:30

ANNAPOLIS, Md., Aug. 11, 2014 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading sustainable infrastructure investor, today reported Core Earnings for the quarter ended June 30, 2014, of $4.7 million or $0.22 per share. On a GAAP basis, the Company recorded net income of $2.9 million, or $0.13 per share, in the quarter. Core Earnings for the six months ended June 30, 2014, were $8.0 million, or...

2014-08-06 08:28:43

SFIG Expects Second Edition Green Paper in November 2014 WASHINGTON, Aug. 6, 2014 /PRNewswire/ -- The Structured Finance Industry Group, Inc. ("SFIG") released the First Edition in a series of papers aimed at restoring confidence to the "private label" residential mortgage-backed securities ("RMBS") market today. These papers, termed "Green Papers," are a product of SFIG's RMBS 3.0 initiative ("RMBS 3.0") --a broad industry supported endeavor designed to develop proposed standards and reduce...

2014-06-20 12:25:40

NEW YORK, June 20, 2014 /PRNewswire/ -- TIG Advisors, an investment platform employing multiple investment strategies including structured credit, was recognized by GlobalCapital for having the Best ABS Fund. The awards ceremony was held in New York City on June 18, 2014. Stuart Lippman and David Liu, co-founders of the structured credit strategy (TSAF), were on hand to accept the award. Winners of GlobalCapital's Securitization Milestones Awards were announced at the Broad Street...


Word of the Day
maffling
  • To stammer.
  • Present participle of maffle, to stammer.
  • A simpleton.
The word 'maffle' may come from a Dutch word meaning 'to move the jaws' or a French word meaning 'having large cheeks'.