German Multifamily deals right now offer better value than U.K. prime RMBS and U.S. CMBS, even with more supply on the way.
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Subprime auto lender, JD Byrider plans to return to the securitization market with its $121.4 million CarNow Auto Receivables Trust 2013-1 The lender brought its inaugural issue to market last year.
May 28 -
Freddie Mac plans to issue its ninth multifamiliy CMBS of 2013, a $1.3billion transaction that is backed by fixed-rate multifamily mortgages with a 7-year term.
May 28 -
Ally Bank plans to issue a $986 million auto lease ABS called Ally Auto Receivables Trust (AART) 2013-SN1.
May 28 - Europe
Il Sole 24 ORE S.p.A., publishers of Italy’s leading business daily issued a €55 million ($71 million) trade receivables-backed securitization, the group said in a press release yesterday.
May 24 -
The issue of how long the statute of limitations runs and when the statute clock starts on representations and warranties provisions in RMBS is under active litigation and adds another layer of risk that investors must consider.
May 24
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Allianz completed a $175 million catastrophe bond providing reinsurance against North American windstorms and earthquakes.
May 24 -
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On Tuesday, the European Banking Authority (EBA) published a consultation paper would seem to threaten the recent revival of the European CLO market.
May 23 -
Barclays has appointed Adam Yarnold head of US securitized products trading, according to a person familiar with the situation.
May 23 -
J.P. Morgan plans to issue its second RMBS deal of 2013, the $442.4 million Mortgage Trust 2013-2.
May 23 -
Freddie Mac will begin securitizing modified single-family loans, according to the government-sponsored enterprise.
May 23 -
Credipar, a subsidiary of Banque PSA Finance, plans to issue the first investor-placed French auto ABS of the year, the €470 million AUTO ABS FCT Compartiment 2013-2.
May 23
