Iconix Brand Group priced an upsized offering of $275 million of notes backed by licensing fees.
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Wells Fargo reported that auto loans outstanding increased at an 8.5% rate on a year-over-year basis in Q2 2013 but auto loan abs issuance has not kept pace.
August 27 - Europe
Standard & Poor’s reported today that August securitization issuance slowed to $1.4 billion ($1.87 billion).
August 27 -
Insurance companies have focused on higher yielding paper, within benchmark ABS asset classes in their 2013 new issue investments, according to a JP Morgan report.
August 27 -
Despite announcing that a deal would be ready in “weeks,” FeatherStone has yet to select a ratings agency to rate the deal, nor has the group selected a lead underwriter to lead the transaction.
August 26 -
Many banks in the auto lending business have been making investments that they hope will give them a more enduring edge; to the extent that bank are less likely to securitize these loans, this could impact securitization volume.
August 26
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Total delinquencies in the Standard & Poor's Portuguese RMBS index decreased slightly in the second quarter of 2013, for the first time in 2 years.
August 26 -
Redwood Trust prepared to issue its 11th deal of the year that has been assigned preliminary ratings by both Kroll Bond Ratings Agency.
August 26 -
Moody’s Investors Service and Fitch Ratings have both given top marks to John Deere’s latest securitization of equipment installment sale contracts.
August 26 -
Rising interest rates slowed refinancing demand and whet homebuyers' appetites for adjustable-rate mortgages in July, according to Ellie Mae's monthly survey of mortgage loan applications.
August 24 -
Spreads on commercial mortgage backed securities have moved wider over the past two weeks on relatively light volume, according to research from J.P Morgan.
August 23 -
Octagon Credit Investors is planning a $376.50 million collateralized loan obligation, according to presale report by Standard & Poor’s.
August 23 -
John Deere is planning an $848.6 million securitization of agricultural and construction equipment loans, it second deal of the year.
August 22