The amount of securities backed by credit card receivables that mature is poised to decline rather significantly in the next few years, according to Fitch Ratings.
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Over the week ended May 6, the pipeline of collateralized loan obligations being rated by Standard & Poors decreased, to $11.87 billion, from $15.75 billion the previous week.
May 8 -
Hyundai priced $1.325 billion of securities backed by prime auto loans, according to a regulatory filing
May 8 -
EFG Private Banks RMBS is backed by loans that are secured by London and South East England properties.
May 8 -
Credit Foncier de France is marketing the first securitization of French residential mortgage since 2006, according to Moodys Investors Service.
May 8 -
CarMax priced an upsized, $987 million offering of bonds backed by prime auto loans, according to a regulatory filing.
May 8
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Citigroup and BofA Merrill Lynch are lead underwriters on $257 million of commercial mortgage bonds deal backed by a floating-rate loan that is secured by two hotel properties, according to Morningstar.
May 8 -
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Bank of America has filed a new credit card securitization with the SEC, only three months after the originator returned to the market following a four year hiatus.
May 7 -
Collateralized loan obligations outperformed in the crisis. If regulators can exempt a vast swath of mortgages from risk-retention requirements, surely they can do the same for senior, secured corporate loans.
May 7 -
The $177 million of triple-A notes issued under Commercial Credit Group's CCG 2014-1 securitization priced at 53 basis points over eurodollar synthetic forward curve.
May 7 -
Wheels Inc. is preparing its first auto fleet lease securitization in two years, according to a presale report published by Fitch Ratings.
May 7 -
The third-ever securitization of single family rental properties is backed by newer properties and has a higher debt service coverage than the first two deals.
May 7
