Used car prices are inevitably headed lower, according to Fitch Ratings, but that's unlikely to impact bonds backed by auto loans.
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Rating agencies have been demanding additional investor protections for what are known as the junior triple-A tranches of CMBS.
April 15 -
More banks are buying mortgage servicing rights now, reversing a post-crisis shift that saw nonbanks dominant the MSR purchasing landscape, according to a Fitch Ratings report.
April 14 -
Agate Bays third residential mortgage backed securitization of this year pools loans with lower leverage and higher FICOs compared to the issuer first two deals of the year, according to Kroll Bond Ratings Agency.
April 14 -
A group of investors will be made whole after a failed Danish bank was found to have misrepresented its finances.
April 14 -
Italys Alba Leasing is marketing a 767 million ($820 million) securitization of lease receivables extended to Italian small and medium-sized enterprises (SMEs) and individual entrepreneurs, according to Moodys Investors Service.
April 14
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Comenity Bank plans to issue $300 million of senior securities backed by credit card receivables from its World Financial Network Credit Card Master Note Trust.
April 13 -
Wells Fargo is marketing $955.2 million of commercial mortgage backed securities backed by a portfolio of loans secured on office and hotel properties, according to a Securities and Exchange Commission filing.
April 13 -
Entergy New Orleans (ENO) is planning a bond backed by payments it collects from electric customers for storm recovery expenses, according to a filing with the Securities and Exchange.
April 13 -
Mercedes-Benz Financial Services is marketing $800 million of triple-A rated dealer floorplan securities, according to Fitch Ratings.
April 13 -
EU regulators are considering changes to existing risk-retention regulations, potentially complicating matters for U.S. managers as they contemplate expanding into European markets.
April 13 -
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Issuance of U.S. ABS, MBS and CMBS for the year through April 10.
April 12



