PHH Corp. is in the market with a $450 million auto lease-backed securitization called Chesapeake Funding LLC, Series 2013-1 – its debut deal for 2013.
-
The number is also the fourth highest all-time record after 2006 at $135.8 billion, 2007 at $130.9 billion and 2005 at $66.8 billion.
August 12 -
The loan resolutions from a single CMBS transaction is behind the 40 basis point drop in delinquencies last month; the largest monthly decrease since the end of the recession, according to the latest monthly index results from Fitch Ratings.
August 12 -
3i Debt Management Investments is prepping a €309.6 million ($411.5 million) European collateralized loan obligation called Harvest CLO VII. The deal features five classes of senior floating-rate notes and subordinated notes.
August 12 -
Fifth Third Bank's $1 billion auto loan securitization is expected to price mid-week, according to a pricing term sheet.
August 12 -
Citigroup priced its Citiseries Class 2013-A3 and Class 2013-A4 notes today. The bank is also marketing a $900 million single-tranche offering of floating-rate Class 2013-A5 notes from the same trust.
August 9
-
The American Securitization Forum urged mortgage servicers and trustees to reject offers from the city of Richmond, Calif. to buy mortgages out of private trusts at deeply discounted prices or face eminent domain proceedings.
August 9 -
July was the most active month for timeshare ABS issuance with close to $600 million of new paper pricing. With $1.3 billion of issuance year-to-date, 2013 is on pace to match the $2.3 billion sold in 2012.
August 9 -
Lowered fixed-income allocations will continue to pressure on structured finance credit spreads in the medium term, said Standard & Poor’s today.
August 9 -
The Federal Housing Finance Agency said Thursday that it would initiate legal action to stop cities from using eminent domain as a way to force the sale of private-label loans at a discount.
August 9 -
Fifth Third Bank is marketing its second securitization of 2013, a $1 billion transaction backed by prime auto loans.
August 8 -
-
The City of New York priced its $91.4 million of tax lien securitization at 85 basis points over the Eurodollar synthetic forward curve (EDSF) for the 1.12- year, triple-A rated tranche.
August 8
