Redwood Trust is preparing what may be the first securitization of residential mortgage bonds that do not fall under rules designed to ensure that borrowers can afford the payments.

Capital One Bank upsized and priced a $550 million note backed by credit card receivables from its Multi-Asset Execution Trust.

Santander is up next with a subprime auto loan securitization deal that will sell $1.05 billion worth of securities.

Consumer Portfolio Services plans to issue $273 million of securities that are backed by subprime auto loan receivables.

GMAC plans a £100 million U.K. auto loan securitization, E-Carat 4, according to presale reports.

Lawrence Schechter has joined Incapital, an underwriter and distributor of fixed-income, equity and equity hybrid securities, as managing director of capital markets.

World Omni Financial Corp. is marketing a $734.04 million auto lease securitization, its first of 2014.

The European Central Bank will start purchasing asset-backed securities and covered bonds in October in an effort to increase liquidity in the financial system and stimulate economic growth.

Hana Small Business Lending is preparing to remarket a securitization backed by the unguaranteed portions of Small Business Administration’s 7(a) program loans.

Redwood Trust and the Federal Home Loan Bank of Chicago are revving up a program to buy and securitize jumbo loans and looking for signs that other FHLBs will participate.

A $1.4 billion commercial mortgage-backed security (CMBS) consisting of a number of tranches is in the pipeline, according to a pre-sale by Kroll Bond Ratings Agency (KBRA).