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Special Report on

Finance Lease Securitization Update

finance lease securitization update special research report Photo by www.imn.org
We have examined management’s assertion, included in the accompanying Report on Assessment of Compliance with Applicable Servicing Criteria, that World Omni Financial Corp. complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s Regulation AB for all asset-backed securities transactions of automobile and light duty truck retail lease contracts sponsored by World Omni Financial Corp. since January 1, 2006 (the Platform), as of December 31, 2009 and for the year then ended, excluding criteria 1122(d)(1)(iii), 1122(d)(2)(ii), 1122(d)(2)(iii), ...
whose value and income payments are derived from and collateralized (or "backed") by a specified pool of underlying assets . The pool of assets is typically a group of small and illiquid assets that are unable to be sold individually. Pooling the assets into financial instruments allows them to be sold to general investors, a process called securitization , and allows the risk of investing in the underlying assets to be diversified because each security will represent a fraction of the total value of the diverse pool of underlying assets. The pools of underlying assets can include common payments from credit cards, ...
REVIEWS AND OPINIONS
CapitalSource Completes Transaction to Deconsolidate $1.1 Billion ...
CHEVY CHASE, Md., July 8 /PRNewswire-FirstCall/ — CapitalSource Inc. (NYSE: CSE) today announced an agreement delegating collateral management and special servicing rights in the CapitalSource Real Estate Loan Trust 2006-A (“2006-A Trust”) to an affiliate of NorthStar Realty Finance Corp (NYSE: NRF). In addition to the delegation, CapitalSource sold NorthStar its equity interest and certain other notes issued by the securitization trust. CapitalSource received total consideration of $7 million. The transaction will result in the deconsolidation of the 2006-A Trust and derecognition of Trust loans on the ... market research, surveys and trends
Draft (update 1)
Here is the final draft. The structure is mostly complete, but I still have a lot of work to do (finish explanations, add missing links, shorten things a little, etc). I will finish editing it over the next few days. I added some pictures. (update 1) ----------- I. It isn’t about profit! Conventional explanations to the current financial crisis tend to revolve around bankers' greed. Bankers been made scapegoats. In truth, it is the government which bears responsibility for the current crisis . Why then have bankers been made scapegoats? Saisman cites a number of cases in which federal legislators, agency heads, and ... market research, surveys and trends

SURVEY RESULTS FOR
FINANCE LEASE SECURITIZATION UPDATE

Survey of Finance Companies, 2000
nies and provide a comprehensive update on these companies' sources of funds. ... In most securitization deals, finance companies retain the .... size of their equipment lease portfolios, finance com- ..... finance company loans totaled $185 billion, less than. 3 percent of the overall mortgage market.10 ... industry trends, business articles and survey research
Bank of America Earns $3.2 Billion in Second Quarter - Jul 17, 2009
-- Bank of America Corporation today reported second-quarter 2009 net income of $3.2 billion. After deducting preferred dividends of $805 million, including $713 million paid to the U.S. government, diluted earnings per share were $0.33. (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b ) Those results compared with net income of $3.4 billion, or diluted earnings per share of $0.72 during the year-ago period. For the first half of 2009, Bank of America earned $7.5 billion, or $0.75 per share. Results were driven by continued strong revenue performance in the wholesale capital markets businesses as well as in home ... industry trends, business articles and survey research
RELATED NEWS
CapitalSource Completes Transaction to Deconsolidate $1.1 Billion Real Estate ...
today announced an agreement delegating collateral management and special servicing rights in the CapitalSource Real Estate Loan Trust 2006-A ("2006-A Trust") to an affiliate of NorthStar Realty Finance Corp (NYSE: NRF). In addition to the delegation, CapitalSource sold NorthStar its equity interest and certain other notes issued by the securitization trust. CapitalSource received total consideration of $7 million . The transaction will result in the deconsolidation of the 2006-A Trust and derecognition of Trust loans on the CapitalSource balance sheet. As of March 31, 2010 , the Trust held approximately $1.03 billion market trends, news research and surveys resources
CarMax Reports First Quarter Results
Net sales and operating revenues increased 23% to $2.26 billion from $1.83 billion in the first quarter of last year. -- Comparable store used unit sales increased 9% for the quarter. -- Total used unit sales rose 9% in the first quarter. -- Net earnings increased 252% to $101.1 million, or $0.44 per diluted share, compared with $28.7 million, or $0.13 per diluted share, earned in the first quarter of fiscal 2010. -- In the first quarter of this year, net earnings were positively affected by approximately $0.03 per share as ... market trends, news research and surveys resources

INFORMATION RESOURCES

Rating US Auto Lease-Backed Securitizations : An Update ...
Jan 16, 2007 ... securitization pool will reflect Fitch's expectation for each tier and its weight within the pool. The auto lease finance sector can be ... technology research, surveys study and trend statistics
Financial Lender Symposium
Mr. Zarrilli founded CTL Capital in 1998 to provide financing and investment banking services for public/private projects supported by lease securitizations ... technology research, surveys study and trend statistics
Global Strategies for Islamic Banking and Finance
Efforts in Islamic finance should focus on a long-term ... Lease securitization: ▪ Differentiation between selling claims on the asset and ...
REAL TIME
FINANCE LEASE SECURITIZATION UPDATE
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QUESTIONS AND ANSWERS
WikiAnswers - What is off-balance-sheet financing
Also called synthetic leases. This is where a company uses rules from different systems, such as financial and tax, to account for an asset in different ways. For example, I lease a computer from company A. Because I don't own the computer (and I am assuming this is not a capital lease), I get to take the rent expense (for the lease) as a deduction on the books, but I don't have to account for the asset or the debt, therefore it is not on the balance sheet. This is attractive because it creates no debt on the company's books. It is often done through a SPE (Special Purpose Entity). Though lucrative, it has ...
What is a credit derivative? I know nothing about finance ...
A credit derivative is a contract (derivative) to transfer the risk of the total return on a credit asset falling below an agreed level, without transfer of the underlying asset. This is usually achieved by transferring risk on a credit reference asset. Early forms of credit derivative were financial guarantees. Some common forms of credit derivatives are credit default swap, total return swap and credit linked note. What are Credit Derivatives? Credit derivatives are designed to allow the independent trading/hedging of credit risk. It is also possible to transfer and/or transform credit risk through securitisation. The ...