Securitization

Tricon Capital Group, which has been acquiring single-family rental homes in the U.S. since 2012 through Tricon American Homes, is planning its first securitization.

A company that previously partnered with JPMorgan and Credit Suisse on private mortgage securitizations is now marketing its own.

Some mortgage-bond investors are criticizing a change in Freddie Mac debt that increases the risk of loss from homeowners who can't afford their loans.

SunTrust Banks in Atlanta reported higher first-quarter profit as stronger fee income and lower expenses helped offset a drop in income from lending.

While most structured finance should withstand the effects of a rate rise courtesy of the Federal Reserve, faster increases could threaten to shock markets for commercial and residential mortgage-backed securities, according to Fitch Ratings.

Carrington Capital Management will challenge a court decision to award contractual damages to an investor it blocked from pulling money out of a mortgage securities fund it managed in 2007.

Richard Syron, the former chief executive officer of Freddie Mac, settled a Securities and Exchange Commission lawsuit claiming officials understated hundreds of billions of dollars in subprime loans held by the firm and Fannie Mae.

FirstKey Lending priced a $241 million securitization of fixed-rate loans it made to landlords for the purchase of single-family homes.

Nomura Holdings Inc. and Royal Bank of Scotland Group's fight against a billion-dollar government lawsuit over mortgage-backed securities is ending where it started: with the banks blaming the housing crash.

B2R Finance, a company controlled by the Blackstone Group that lends to landlords, has priced its first rental securitization.

The Topeka FHLB's plan to allow participations in newly issued mortgage pools may benefit members institutions and the bank itself — and could soon be imitated by other Home Loan Banks.

Citigroup priced the senior most tranche of its latest commercial mortgage securitization, Citigroup Commercial Mortgage Trust 2015-GC29, just wide of the previous conduit to be sold, by Wells Fargo.

Glenn Costello, a structured finance veteran cited through the years in the pages of the Asset Securitization Report for his sharp analysis, particularly of residential mortgage-backeds, died on April 6.

A subsidiary of Chimera Investment Corp. has just closed a $268.7 million RMBS, according to a private placement memorandum obtained from a market source.

Freddie Mac's next STACR offering will offer investors exposure to actual losses on residential mortgages, something the mortgage giant says investors have been asking for.

John W. Allison is always on the hunt for non-dilutive deals that will boost his Arkansas company's earnings. That has largely led to deals for Florida banks, but Home just agreed to buy nearly $300 million in nationwide commercial real estate credits and recruited a team to open a loan production office in New York.

Pacific Investment Management Co. accused American International Group Inc. of misleading investors about "colossal" losing bets on unregulated credit-default swaps and subprime debt before the 2008 financial crisis.

FirstKey Lending is securitizing $241 million of fixed-rate loans it made to landlords for the purchase of buy-to-rent, single-family homes, according to a presale from Kroll Bond Ratings Agency.

Blackstone Group's latest sale of bonds backed by rental homes found robust demand from investors, particularly the riskiest portions of the offering, as the market prepares for a new breed of the securities.

A CMBS backed by 76 mortgages that are in turn secured by 91 properties is coming to market, according to presales by Fitch Ratings and Kroll Bond Rating Agency.