The slower pace of new issuance in consumer ABS, especially from the historically largest ABS issuers, leaves the market without benchmarks to base pricing on, according to a report by Wells Fargo.
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Springleaf plans to issue its third subprime RMBS of the 2013. The latest deal is sized at $344.2 million, according to a Standard & Poor’s presale report.
October 4 -
ABN Amro announced a 5-year, €500 million ($367 million) prime Dutch RMBS from its Dolphin Master Issuer program.
October 4 - Europe
The European Central Bank said at a press conference on Wednesday that it was considering accepting mezzanine securitization tranches as eligible repo collateral.
October 4 -
Deutsche Bank and Cantor Fitzgerald priced a $813.87 million commercial mortgage backed securitization, COMM-CCRE11,
October 4 -
Wells Fargo said in a report today that without an increase in credit cards and student loan deals, the securitization volume of consumer assets aren’t likely to grow either.
October 3
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Barclays priced its first deal issued this year from the bank’s Dryrock credit card securitization trust.
October 3 -
Goldman Sachs is in the market with a $675 million CMBS backed by a loan that is secured by the borrower’s fee interest in a Midtown Manhattan office building.
October 3 -
The State of Washington is planning to issue $344.39 million of bonds backed by tobacco settlement revenues, according to a presale report by Standard & Poor’s.
October 3 -
Ratings agency reports are reassuring investors that, in some cases, transfers of mortgage servicing rights from one servicer to another do not have a negative impact on mortgage-backed securities.
October 3 -
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What's keeping private-label RMBS investors up at night, and what could attract more capital, setting the stage for a broader recovery.
October 2 -
Direct Capital Corporation plans to issue a $181 million securitization of equipment lease backed notes.
October 2
