Although the fate of General Electric Companys $9.2 billion of outstanding credit card securitizations will depend on how its retail exit plays out, higher credit enhancement levels are likely in the cards.
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The DSTA announced that it will auction the remaining $2.1 billion on Feb 4. A total of 234 securities will be out for bid, comprised mainly of senior securities backed by prime collateral.
January 31 -
Morgan Stanley and Bank of America have priced $1.3 billion of commercial mortgage backed securities, according to a regulatory filing.
January 31 -
Cantor Fitzgerald & Co. added two managing directors to its fixed income sales and trading team
January 31 -
Lenders are loosening underwriting standards for nearly every type of credit except for some home equity lines, according to a report issued Thursday by the Office of the Comptroller of the Currency.
January 30 -
CarMax plans to issue $800 million of asset-backed securities backed by prime auto loans, according to a deal prospectus filed with the Securities and Exchange Commission.
January 30
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Educational Services of America priced $201 million of asset-backed securities backed by Federal Family Education Loan Program (FFELP) rehabilitated student loans.
January 30 -
The deal, Exeter Automobile Receivables Trust 2014-1, was upsized by $150 million to $650 million and offered investors four tranches of notes.
January 30 -
Volkswagen Leasing announced a publicly placed German auto loan securitization that will offer investors two tranches.
January 30 -
The Securities and Exchange Commission will vote next week on whether to adopt rules revising the disclosure, reporting, and offering process for asset-backed securities.
January 30 -
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The Federal Reserve on Wednesday took another step in its effort to scale down a controversial bond buying program by an additional $10 billion.
January 29 -
Ally Financial priced its upsized $1 billion offering of notes backed by automotive dealer financing, according to a regulatory filing.
January 29
