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Source: articles.moneycentral.msn.com --- 44 days ago
NEW YORK (AP) - MRU Holdings Inc., a student lender operating under the name MyRichUncle, said Monday it priced a $140 million asset-backed Securitization. ... Source: www.moreover.com --- 33 days ago
(LAWFUEL) ? Baker & McKenzie LLP strengthens its Securitization practice in New York with the addition of Hans D. Montag as Partner. Mr. Montag joins the Firm from the New York office of Clifford Chance where he worked for almost ten years. ... Source: ad.doubleclick.net --- 34 days ago
... Source: www.bloomberg.com --- 17 days ago
Citigroup Inc. reported its first loss since at least 2005 on credit-card securitizations, signaling that risks may be growing in a business that generated $3.5 billion of revenue in the past three years. ... Source: www.prnewswire.com --- 26 days ago
... Source: www.businesswire.com --- 16 days ago
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has released a new methodology, “Securitization of Period-Certain and Life-Contingent Structured ... Source: www.prnewswire.com --- 30 days ago
... Source: www.businesswire.com --- 28 days ago
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on the three Pegasus Aviation Lease Securitization Trusts: ... Source: www.marketwire.com --- 28 days ago
NEW YORK, NY (MARKET WIRE) Finacity Corporation ("Finacity") announced today that it facilitated the closing and funding of an enhanced trade receivables Securitization for Papel, Cartón y Derivados S.A. de C.V. ("PCD"). Acting as the Arranger, Master Servicer and Bond Administrator, Finacity successfully structured a seven-year transaction that provides fixed-rate funding for receivables assigned from PCD. This facility replaces a previous trade receivables Securitization and provides for a comparatively higher advance rate, a larger eligible pool, a lower cost of funds and a longer maturity. ... Source: www.marketwire.com --- 49 days ago
PARSIPPANY, NJ (MARKET WIRE) Wyndham Worldwide Corporation (NYSE: WYN) today announced that it has completed a term Securitization transaction involving the issuance of $450 million of investment grade asset-backed notes by Sierra Timeshare 2008-2 Receivables Funding, LLC, an indirect subsidiary of Wyndham Vacation Ownership. The notes are backed by vacation ownership receivables originated by subsidiaries of Wyndham Vacation Ownership. The 2008-2 transaction has a cost of funds, excluding transaction fees, of 7.15%. ... Source: www.prnewswire.com --- 48 days ago
... Source: www.ameinfo.com --- 39 days ago
Rasameel Structured Finance Company, a leading Kuwaiti Securitization house with an investment banking mandate, and Abdullatif Al-Essa Group based in KSA, are in the process of establishing a closed shareholding company under the name of 'Rasameel Structured Finance Saudi Arabia' to operate in the Saudi Financial Market. ... Source: seekingalpha.com --- 41 days ago
Ethan Penner has an interesting article in today's Wall Street Journal (available for free I think on their Opinion Journal page ) on the future of Securitization. I discussed the same topic in part 5 of my series "Why Did the Mortgage Crisis Happen?" The bond markets ended up selling very risky mortgage-backed securities, but there were two sources of the risk. The first was explicit risk: The bondos knew they were dealing in subprime mortgages. The second source was implicit: The loan originators were cutting underwriting corners, lending to even riskier folks than their Securitization paperwork implied. The bond markets were partly at fault there, for they were not auditing the underwriting standards, in an environment where the originator has a large incentive to fudge the numbers. Sort of reminds you of American companies importing Chinese toys. Complete Story » ... Source: www.moreover.com --- 28 days ago
Insurance News Net Jul 23 2008 10:06PM GMT ...
Source: www.moreover.com --- 46 days ago
Motley Fool Discussion Boards Jul 5 2008 3:18PM GMT ... Source: www.moreover.com --- 8 days ago
ID News Centre Aug 12 2008 10:19AM GMT ... Source: www.washingtonmonthly.com --- 7 days ago
Securitization....The New York Times reports that the market for private Securitization of mortgages and other debt has "become sclerotic and almost totally dependent on government support." The raw numbers are pretty startling: $1 trillion in the first half of 2007,... ... Source: www.housingwire.com --- 13 days ago
In plain English, much of the Securitization model that has fueled the modern mortgage market is tied to what’s known as a Qualifying Special Purpose Entity — or QSPE for short, and often called “the Q” in industry slang. QPSEs receive off-balance sheet treatment, or “sale accounting” treatment, that has largely enabled much of the [...] ... Source: www.bignewsnetwork.com --- 50 days ago
Swiss Re announced that it has obtained $150 million worth of protection against North Atlantic hurricanes, European windstorms, Californian earthquakes and Japanese earthquakes and typhoons through a... ... Find more results for Securitization on RSSMicro.com |
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Jack Ciesielski submits: On Wednesday, the FASB will take another look at the effective date to be inserted into the exposure draft of the forthcoming amendments to Statement 140 and Interpretation 46R. These amendments, covered before in the May Accounting Observer and in subsequent posts, will make full consolidation of the vehicles used in securitizations much more likely. In other words, after these amendments go into effect, firms might still securitize loans - but the loans will still exist on their balance sheets and a liability shown for the amount of the "pass-through" security created in the Securitization. The traditional "sale treatment," where the assets are derecognized and the pass-through liability instrument isn't shown on the securitizer's balance sheet, would likely be a much rarer find. Complete Story » ...