Fitch Ratings took a swipe at its peers, saying some recent Mexican equipment lease securitizations they rated ‘AAA’ merit no more than a single ‘A’ rating.
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Redwood Trust has issued $2.7 billion in private label jumbo mortgage securitizations, nearly doubling its MBS issuance since restarting issuance in 2010.
April 24 - Europe
The Bank of England’s expansion of its Funding for Lending Scheme by one year to January 2015 means U.K. investor placed issues will likely continue to see little action, said market analyst.
April 24 -
A cap on the allocations of borrower accounts to not for profit servicers of the Federal Direct Loan Program could result in losses for Federal Family Education Loan Program-backed securities, said Fitch Ratings.
April 24 -
The rise in home values has limited impact on residential mortgage-backed securities loss severities on liquidated loans that are backed by properties that have been delinquent for three years or more, according to Moody’s Investors Service.
April 24 -
Europe’s auto ABS pipeline continues to build and the latest boost comes from SOFIRA’s EUR550 million ($714.5M) revolving cash securitization of dealer floorplan receivables extended to auto dealers in France.
April 24
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First Capital closed its $283 million securitization of senior secured working capital loans to small and mid-sized private companies.
April 24 -
In the American Securitization Forum’s ongoing bid to restore securitization’s once-prominent role in funding housing, the trade group released a clutch of proposals Tuesday.
April 23 -
SeaCo plans to issue a $200 million marine container lease backed securitization deal that will be rate by Standard & Poor’s.
April 23 -
BMW plans to launch a CHF 300 million ($318M) Swiss auto lease ABS, Bavarian Sky Europe, Compartment 1; the issuer’s first transaction in the Swiss market.
April 23 -
European banks and vehicle manufacturers are increasingly funding auto lending through the securitization market, according to Standard & Poor's report.
April 23 -
Sallie Mae is marketing its second private student loan-backed securitization of 2013 via the $851 million SLM Private Education Loan Trust 2013-B.
April 23 -
Nelnet plans to issue a $765 million Federal Family Education Loan Program (FFELP) loans-backed securitization that also includes 24.6% of rehabilitated loans.
April 23