Securitizations of Spanish SME loans are facing trouble on two fronts: rising corporate insolvencies and new legislation on debt refinancing and restructuring.

Cabela’s plans a $300 million securitization of private-label credit card receivables.

Ford Motor Credit priced its first auto lease securitization of the year. Barclays, Deutsche Bank and RBS are joint bookrunners on the deal.

Redwood Trust is prepping its first residential mortgage-backed security of 2014, a $347.3 million deal, according to a presale from Fitch Ratings.

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.

Moody's Investors Service private student loan default rate index dropped to 3.4% in 4Q 2013, down from 4.5% in 4Q 2012.

Oaktree Capital Management is preparing a still-rate securitization of non-performing commercial loans, according to a presale report published by Kroll Bond Rating Agency.

American Residential Properties plans to raise $300 million in medium-term debt via a securitization of single family rental properties.

The bill released by Sens. Tim Johnson and Mike Crapo would create a reinsurance fund to recoup losses on securities, establish a common securitization platform for the secondary mortgage market and open access to the secondary market for smaller lenders through a cooperative.

Problem borrowers, at a greater risk of default, could exit Federal Family Education Loan Program ABS pools on the expansion of the “Pay As You Earn” plan.

Deutsche Bank priced its $927.5 million commercial mortgage securitization, COMM 2014-LC15, in line with initial guidance, according to a regulatory filing.

Prestige Financial Services is readying its first subprime auto securitization of 2014, according to pre-sale report from Standard & Poor’s.