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Showing results for Lares Asset Securitization, Inc.
...Funding Circle’s US loans make up 9.84 per cent of net asset value, or around £37m of exposure....
...Here’s a report a year later in Asset Backed that touches on why that process fell apart (emphasis ours): Santander Consumer had been working since January on a securitization of marketplace loans originated...
...Under the Second Circuit’s decision in Madden, the liquidity and resale value of certain loan assets is uncertain and at risk The usury element holds special significance for the likes of Lending Club,...
...Its assets have risen to Rmb578bn in less than two years....
...] said that at least a dozen states in the US – including California, the most important state for real-estate securitization – only allow non-recourse loans....
...The end result in our example is an effective 3.1% risk-based capital charge for the vertical securitization assets....
...“As a consequence, securitization arrangers may prefer to avoid contracts with swap counterparties that are subject to US bankruptcy laws....
...According to the rating agency there is renewed interest in these so-called life settlement securities — despite losses in this asset class made by banks (for example) in 2009....
...Related link: RBS scoops REC-6 bonds to build blocking position – Total Securitization...
...That USD 1.7bn SASCO 2008 C2 securitization shifted back to Lehman when it entered Chapter 11 and the estate has been working it out – along with dozens of other CRE investments – ever since....
...The reductions were among downgrades to 308 classes of so- called re-remics, or re-securitizations, created from 2005 through 2009, the New York-based ratings company said today in a statement....
...The hotel is owned by a venture controlled by Philadelphia real-estate investment company AMC Delancey Group Inc....
...The adoption of these standards includes the requirement that Citi consolidate certain of its credit card securitization trusts and eliminate sale accounting for transfers of credit card receivables to those...
...The multi-trillion dollar securitization industry has the same motivation: moving assets (and liabilities) off the balance sheet, while economic recourse still exists should asset values and/or debt ratings...
...LNR needs to slash its debt in large part because the cash flow from the commercial real estate (CRE) bonds it bought dried up when the debt sank under water, while the value of its hard asset portfolio...
...From 2004 to 2007 she was head of ACA Capital’s CDO Asset Management business, earning a salary of $275,000 in 2006, according to Bloomberg data....
...The Securitization Rule provided clarity regarding the powers of the FDIC as conservator or receiver with respect to financial assets transferred in a securitization; provided the securitization is accounted...
...“To make matters worse, values of the underlying assets are quite uncertain,” he adds....
...Federal Deposit Insurance Corp. on Thursday extended a rule to help the securitization market, roiled by new accounting regulations....
...At issue are the costs issuers incur in tending to huge volumes of already-securitized assets, and when, or if, securitization might re-emerge as a popular funding source....
...Unlike `normal’ CDOs, the underlying credit exposure of a synthetic CDO is based on credit default swaps rather than tangible assets (CMBS, RMBS and the like)....
...It’s a distinct treatment that the American Securitization Forum, one of the foremost proponents of US covered bonds, has been advocating for some time....
...From Bloomberg: Goldman Sachs Group Inc., seeking to take advantage of an untapped Federal Reserve program, may sell the first commercial-mortgage bond since June 2008, backed by a $400 million loan to...
...Related link: Don’t blame securitization, blame stupidity – The Atlantic...
...There are various pathways by which the mispricing of financial assets can affect the so-called fundamentals....
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