Final bank capital rules are likely positive for non-agency remics and mildly positive for some other assets, such as bonds backed by student loans, according to Barclays.
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Sallie Mae priced its $995.8 million SLM Student Loan Trust 2013-5.
September 13 -
General Electric is working on a $446.85 million securitization of small equipment loans, its first of 2013.
September 13 -
Private student loan securitizations issued between 2010 and 2013 contain loans of stronger credit quality and are likely to perform better than 2006 to 2009 securitizations, according to Moody’s Investors Service.
September 13 -
Bluestep Finans AB and Blustep Bostadslan AB are working on a Swedish Krona denominated non-conforming RMBS issuance called Bluestep Mortgage Securities No.2.
September 13 -
Concerns about risk retention rules could lead CLO managers to structure new deals with shorter non-call periods, according to analysts at Barclays.
September 13
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Through bitter experience, bond purchasers learned about the moral hazard embedded in private RMBS and their grossly inadequate legal protections.
September 13 -
Over the last three years, however, the share of portfolios of securitized European auto loans originated by non-captives has risen significantly. And Moody’s Investors Service says this trend has historically indicates a higher credit risk overall for the market.
September 13 -
Amherst Securities is preparing to issue a $1.85 million CMBS backed by non-performing loans and real estate-owned commercial properties, according to a Fitch Ratings presale.
September 12 -
Stonegate Mortgages may be the newest name added to the prime RMBS pipeline in a sector of securitization that has seen volumes increased 2.7 times compared to 2012.
September 12 -
Shellpoint the home lender founded by mortgage-bond pioneer Lewis Ranieri is lining up its second RMBS deal of 2013.
September 12 -
Hyundai priced its $1.28 billion auto loan deal and World Omni Financial Corp. priced its $783 million auto-lease backed securitization deal.
September 12 -
Sallie Mae upsized its latest Federal Family Education Loan Program (FFELP) backed ABS deal, SLM Student Loan Trust 2013-5 to $995.8 million from $747 million.
September 12