CCA Industries Inc
Change company Symbol lookup
Select an option...
CAWW CCA Industries Inc
SEDG Solaredge Technologies Inc
TEUFF Box Ships Inc
VZ Verizon Communications Inc
XRTXF XORTX Therapeutics Inc
TINLY Teijin Ltd
RVSDF Riverside Resources Inc
NMRD Nemaura Medical Inc
MLRKF Millrock Resources Inc
CLUB Town Sports International Holdings Inc
Go

Consumer Staples : Personal Products | Small Cap ValueCompany profile

CCA Industries, Inc. (CCA) manufactures and distributes health and beauty aid products. The Company is engaged in the sale of products in several health-and-beauty aids over-the-counter drug and remedies, and cosmeceutical categories. Under its brand names, the Company markets several different but categorically related products. The Company's principal brand and trademark names include Plus+White (oral health-care products), Sudden Change (skin-care products), Nutra Nail (nail treatments), Bikini Zone (pre and after-shave products), Hair Off (depilatories), Solar Sense (sun-care products), Sunset Cafe (perfumes), Lobe Wonder (ear-care product) and Scar Zone (scar diminishing cream).The Company markets its products to drug, food and mass-merchandise retail chains, warehouse clubs and wholesalers, throughout the United States, and through distributors internationally.

Closing Price
$2.77
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
3,066
0

Fannie Mae Prices $993 Million Connecticut Avenue Securities (CAS) REMIC Deal

12:30 pm ET July 30, 2019 (PR Newswire) Print

Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities(R) (CAS) Series 2019-R05, a $993 million note offering that represents Fannie Mae's latest CAS REMIC(TM) transaction. CAS is Fannie Mae's benchmark issuance program designed to share credit risk on its single-family conventional guaranty book of business.

"We are pleased to see continued strong participation in our new issue transactions, as well as a robust and liquid secondary market," said Laurel Davis, Vice President of Credit Risk Transfer, Fannie Mae. "We remain committed to promoting the ongoing growth of the credit risk transfer market."

The reference pool for CAS Series 2019-R05 consists of approximately 98,100 single-family mortgage loans with an outstanding unpaid principal balance of approximately $24 billion. The reference pool includes one group of loans comprised of collateral with loan-to-value ratios of 60.01 percent to 80.00 percent acquired from May 2018 through March 2019. The loans included in this transaction are fixed-rate, generally 30-year term, fully amortizing mortgages and were underwritten using rigorous credit standards and enhanced risk controls.

Fannie Mae will retain a portion of the 1M-1, 1M-2, and 1B-1 tranches in order to align its interests with investors throughout the life of the deal. Fannie Mae will retain the full 1B-2H first loss tranche.

Class Offered Amount Pricing Level              Expected
      ($MM)                                     Rating
                                                (S&P/KBRA)
1M-1  $225.717       1-month Libor plus 75 bps  BBB+(sf) / BBB+(sf)
1M-2  $541.722       1-month Libor plus 200 bps B+(sf) / BB(sf)
1B-1  $225.717       1-month Libor plus 410 bps This class will not be rated

Barclays Capital Inc. ("Barclays") is the lead structuring manager and joint bookrunner and Morgan Stanley & Co. LLC ("Morgan Stanley") is the co-lead manager and joint bookrunner. Co-managers are BofA Securities, Inc. ("BofA Merrill Lynch"), Citigroup Global Markets Inc. ("Citigroup"), Goldman Sachs & Co. LLC ("Goldman Sachs"), and BNP Paribas Securities Corp. ("BNP"). Selling group members are Mischler Financial Group, Inc. and Siebert Cisneros Shank & Co., L.L.C.

With the completion of this transaction, Fannie Mae will have brought 35 CAS deals to market, issued $41 billion in notes, and transferred a portion of the credit risk to private investors on more than $1.3 trillion in single-family mortgage loans, measured at the time of the transaction. Since 2013, Fannie Mae has transferred a portion of the credit risk on $1.8 trillion in single-family mortgages, measured at the time of the transaction, through all of its credit risk transfer programs. In 2018, Fannie Mae introduced the CAS REMIC, which helps to expand the CAS investor base and further enhance the long-term liquidity of the program.

Fannie Mae's deliberate issuer strategy works to build the CAS program in a sustainable way to promote liquidity and to build a broad and diverse investor base. To promote transparency and to help investors evaluate our program, Fannie Mae provides ongoing, robust disclosure data to help credit investors evaluate the program, as well as access to news, resources, and analytics through its credit risk transfer webpages. This includes Fannie Mae's innovative Data Dynamics(R) tool that enables market participants to interact with and analyze both CAS deals that are currently outstanding in the market and Fannie Mae's historical loan dataset. In addition, our recently enhanced EU Resources page, which helps European Union institutional investors and those managing funds subject to EU regulations comply with EU securitization regulation.

In addition to our flagship CAS program, Fannie Mae continues to reduce risk to taxpayers through its Credit Insurance Risk Transfer(TM) (CIRT(TM)) reinsurance program and other forms of risk transfer.

About Connecticut Avenue Securities CAS REMIC notes are issued by a bankruptcy-remote trust. The amount of periodic principal and ultimate principal paid by Fannie Mae is determined by the performance of a large and diverse reference pool. For more information on individual CAS transactions, visit our credit risk transfer website.

Statements in this release regarding the company's future CAS transactions are forward-looking. Actual results may be materially different as a result of market conditions or other factors listed in "Risk Factors" or "Forward-Looking Statements" in the company's annual report on Form 10-K for the year ended December 31, 2018. This release does not constitute an offer or sale of any security. Before investing in any Fannie Mae issued security, potential investors should review the disclosure for such security and consult their own investment advisors.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

https://c212.net/c/img/favicon.png?sn=PH27737&sd=2019-07-30

View original content:http://www.prnewswire.com/news-releases/fannie-mae-prices-993-million-connecticut-avenue-securities-cas-remic-deal-300893302.html

SOURCE Fannie Mae

https://rt.prnewswire.com/rt.gif?NewsItemId=PH27737&Transmission_Id=201907301230PR_NEWS_USPR_____PH27737&DateId=20190730

Earnings Calendar and Events Data provided by |Terms of Use| © 2019 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2019. All rights reserved.