Search for: "Securitized Asset Backed Receivables"
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5 Oct 2017, 5:20 pm
The First Marblehead Corporation played the key role in origination and securitization and pocketed millions of dollars in the double-digits from each trust-transaction ($89,705.866.00 for Trust 2007-1, $88,424,309.00 for Trust 2007-4). [read post]
NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up
22 Sep 2017, 2:27 pm
But even if there were no question as to reliability of payment histories extracted from the servicer’s account management system, different jurisdiction may have different rules regarding the accrual-of-claim date for limitations purposes (Does the breach/default occur when the first monthly installment payment is not made, or is it based on the last payment that was received and credited? [read post]
17 Sep 2017, 7:30 pm
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]
17 Sep 2017, 2:57 pm
Enough time for the loan be sold, securitized, and pitched to investors as a highly profitable asset. [read post]
25 Aug 2017, 12:56 pm
But while a bond may be backed by an issuing company’s income and assets, these auto loan ABS products are backed solely by a pool of auto loans. [read post]
22 Aug 2017, 9:10 am
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]
9 Aug 2017, 9:09 pm
Fearson then indorsed the note to Nichols and received $97 for it. [read post]
23 Jul 2017, 4:53 pm
As in the Owusu case, the Court of Appeals did not wipe out the alleged debt, but merely vacated judgments in favor of the Trust (and the trial court’s denial of their motions for relief from judgment), and sent the cases back to court below for retrial. [read post]
12 Dec 2016, 2:18 pm
On December 1, 2016, DBRS updated its master ratings methodology for U.S. asset-backed securitizations (“ABS“). [read post]
22 Feb 2016, 4:36 pm
The Act has two basic objectives: To ensure that potential investors receive the relevant financial, and all other significant information concerning securities being offered for public sale, and To prohibit deceit, misrepresentations, and other fraud in the sale of securities.1 In order to achieve these stated objectives, the Act requires the registration of companies’ securities. [read post]
18 Dec 2015, 12:08 pm
On December 3, 2015, Fitch published its Global Consumer ABS Rating Criteria for analyzing credit risk in asset-backed securities backed by consumer receivables globally. [read post]
4 Jun 2015, 11:30 am
Stone was Managing Director and head of the Mortgage and Asset-Backed Group at Prudential Bache. [read post]
4 Jun 2015, 11:30 am
Stone was Managing Director and head of the Mortgage and Asset-Backed Group at Prudential Bache. [read post]
10 Feb 2015, 12:04 pm
(I did a study on this several years back for the Filene Institute, a credit union think tank.) [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]
30 Dec 2014, 12:03 pm
The right to receive trust income is divided into certificates and sold to investors, called certificateholders. [read post]
14 Dec 2014, 3:55 pm
Despite strong sales since 2010, punctuated by the November 25, 2014 announcement that it had issued $207,501,000 of Fixed Rate Asset Backed Notes collateralized primarily by payment rights rights arising under court ordered structured settlement payment purchase contracts, JGWPT's NYSE per share price closed at $8.65 on December 12, 2014, down drastically from its 2014 high of $19.88 on March 4. [read post]
20 Oct 2014, 10:36 am
However, the Sunshine Act notice included in every posting of an SEC meeting indicated that the meeting (to be held on October 22) will address rules relating to credit risk retention by securitizers of asset-backed securities. [read post]
14 Oct 2014, 11:23 am
On October 9, S&P released its updated global methodology and assumptions for assessing the credit quality of securitized non-real estate related consumer receivables, including, but not limited to, auto, credit card, student, and unsecured personal loan asset-backed securities. [read post]
9 Oct 2014, 10:09 am
ABS are financial securities backed by loans, leases or receivables against assets other than real estate and mortgage-backed securities. [read post]
