Search for: "Securitized Asset Backed Receivables LLC" Results 1 - 20 of 28
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21 Jun 2011, 10:17 am
The Securitization Chain Mortgage-backed securities are generally set up to be "bankruptcy remote. [read post]
4 Dec 2010, 7:58 pm by Adam Levitin
For example, consider the PSA for Securities Asset Backed Receivables LLC Trust 2005-FR3, dated July 1, 2005, § 2.01(b), July 1, 2005. [read post]
17 Sep 2017, 7:30 pm by Wolfgang Demino
  At the closing of the NCSLT 2007-4 securitization, First Marblehead expects to receive up-front structural advisory fees of approximately $88.5 million, or 8.7% of the total private student loan balance securitized. [read post]
5 Jan 2015, 4:00 am
CMBS loans (loans that will be packaged with similar loans and securitized as commercial mortgage backed securities) continue to be popular despite their rigid structure and higher costs. [read post]
3 Jan 2012, 6:15 am
  Nomura later sold the Nomura Loan (together with the related security and credit enhancements) to Asset Securitization Corporation, which in turn sold it as part of an Asset Securitization Corporation Commercial Mortgage Pass-Through securitization pool maintained by LaSalle Bank, N.A. [read post]
28 Mar 2011, 7:02 pm by Tomassi Law Associates
It listed $13 billion in debt for borrowed money and assets of $7.6 billion in the Chapter 11 reorganization begun in December 2008. [read post]
19 Jan 2014, 9:01 pm
They will continue to receive concessions as landlords compete to increase their properties' net operating income. [read post]
17 Aug 2009, 4:20 am
Under the securitization model, all of these "true sales" with supporting documentation must be confirmed and all of the documents must be held by the Master Document Custodian for the securitized trust. [read post]
29 Nov 2018, 11:58 am by Wolfgang Demino
Unlike with securitized mortgages, there were no homes as secured real assets to foreclose on, leaving collection lawsuits against borrowers and cosigners, followed by execution on nonexempt assets and garnishment, as forcible collection tools. [read post]
5 Oct 2017, 5:20 pm by Wolfgang Demino
Upon closing of the securitization transaction the First Marblehead Corp. would then skim off more than 8% as its “structural advisory fee”.This was possible because the Trusts formed by FMC through the Funding LLC as depositor sold securities far in excess of the value of the pooled loans to be acquired with the proceeds. [read post]
This trend is mirrored by certain aspects of the financial market regulatory reform pending before Congress, such as requiring creditors to retain material positions in the credit risk that the creditors sell, transfer or convey to third parties, including the securitization of asset-backed securities. [1] Even if the developments are adjustments to perceived excesses, they could cause a reaction with its own negative consequences. [read post]
5 Nov 2018, 3:32 pm by Wolfgang Demino
In its opinion, the court equated the securitization Trust with the lender and referred to it as such. [read post]
22 Aug 2017, 9:10 am by Wolfgang Demino
Each trust is not an operating business, but mere a special legal entity created for securitization purposes, i.e. for selling bonds to investors, with the packages of student loans transferred to it – the trust assets -  constituting the collateral and yielding proceeds [or expected to yield proceeds] for distribution to the bond-holders once the student loans would enter the repayment period after the student-borrowers’ graduation. [read post]
17 May 2008, 2:18 pm
MGIC’s woes relate back to its failed 2007 attempt to merger with Radian Group, as well as the deterioration of the joint venture, Credit Based Asset Servicing and Securitization LLC (“C-Bass”), in which MGIC had entered with Radian. [read post]