The $4.27 billion RMBS sale from the ING Illiquid Asset Back-up Facility (IABF) portfolio did not negatively impact secondary pricing or RMBS bonds this week.
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Investors plan bigger increases in their holdings of esoteric ABS than securities backed by consumer or ercial assets over the next 12 months, according to a survey of conducted by DBRS.
March 20 -
Over $1.4 billion of notes backed by consumer assets cleared the pipeline on Wednesday, including $223 million of auto ABS from California Republic Bank, $993 million of student loan ABS from Sallie Mae $255 million of credit card ABS from Cabela's.
March 20 -
Springleaf Finance upsized its first consumer loan securitization of the year to $592 million from $368 million, according to an Interactive Data report.
March 19 -
Sallie Mae has upsized its latest offerings of student loan backed securities, by $248.7million to $992.3 million, according to a regulatory filing.
March 19 -
Consumer Portfolio Services priced $180 million of bonds backed by subprime auto loans, its first securitization of 2014.
March 19
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Morgan Stanley and Bank of America Merrill Lynch plan to issue a $933 billion commercial mortgage backed securitization dubbed MSBAM 2014-C15.
March 19 -
Revisions to Solvency II, while more securitization friendly, still reduce the appeal of asset backed securities to European insurers, according to Standard & Poors.
March 19 -
Securitizations of Spanish SME loans are facing trouble on two fronts: rising corporate insolvencies and new legislation on debt refinancing and restructuring.
March 18 -
Cabelas plans a $300 million securitization of private-label credit card receivables.
March 18 -
Ford Motor Credit priced its first auto lease securitization of the year. Barclays, Deutsche Bank and RBS are joint bookrunners on the deal.
March 18 -
Redwood Trust is prepping its first residential mortgage-backed security of 2014, a $347.3 million deal, according to a presale from Fitch Ratings.
March 18 - Europe
French retailer Vivarte is one of most widely held credits among European collateralized loan obligations, but its debt restructuring will hit older deals harder than newer one.
March 18

