In The News

Latest News

Auto-Loan Extensions Confounding Investors

Asset Backed Alert - 2/24/2017
Investors say bonds backed by subprime auto loans are becoming increasingly difficult to assess — and sometimes entirely unattractive — as lenders allow more and more of their troubled borrowers to defer monthly payments.
...read more
asset backed alert_58b05834cc5a4.PNG

PeerIQ Pushes for Loan-Data Standards

Asset Backed Alert - 2/24/2017
A new report from PeerIQ aims to illustrate the pitfalls of a lack of standardization in documenting marketplace-originated personal loans. The New York data firm plans to release its findings at “SFIG Vegas 2017,” the big industry conference that the Structured Finance Industry Group and Information Management Network are hosting in Las Vegas next week. Among its assertions: That variations in origination practices are forcing loan and bond buyers to spend more on due-diligence reviews.
...read more
asset backed alert_58b05885f00c1.PNG

CMBS liquidation trust prepped

Structured Credit Investor - 2/24/2017
An innovative liquidation vehicle backed mainly by commercial real estate loans is marketing. Dubbed VSD 2017-PLT1, the securitisation has an aggregate unpaid principal balance of US$378.1m and monetises recoveries from performing, non-performing and REO assets to pay the notes.
...read more

Värde Pooling $348M Distressed CRE Portfolio

Asset Securitization Report - 2/24/2017
An investor in distressed properties is marketing its fourth liquidating trust securitization of primarily troubled commercial real estate assets. Värde Partners, a Dallas-based firm with over $12 billion in existing or previously distressed acquisitions, has pooled 201 of commercial, vacant land and residential properties in the $348.2 million VSD 2017-PLT1 asset-backed transaction. Most of the performing, non-performing or real-estate owned (REO) loans were acquired from financial institutions, and are secured by income-producing commercial properties such as office, retail and multi-family that are owned by Värde’s “scratch and dent” sponsoring affiliate. The majority are first-lien.
...read more

All News