Strong payment structures and high credit enhancement levels will mitigate the impact of less conservative underwriting on subprime auto loan securitizations.
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Pacifica Companies said it has selected BSI Financial two service two of its securitizations, real estate asset trust 2013-1 and asset-backed notes series 2013-1.
May 9 -
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There are a number of possible ways for the Federal Reserve to unwind its mortgage-backed securities purchases, but reverse repurchase sales would be outcome, according to a panelits at the Mortgage Bankers Association's National Secondary Market Conference Wednesday.
May 8 -
Capital One priced its $700 million Capital One Multi-Asset Execution Trust (COMET) 2013-2 credit card ABS deal to strong investor demand.
May 8 -
GC Securities expects catastrophe (cat) bond issuance to come within reach if not exceed the $7 billion record hit in 2007, according to a release from the boutique investment bank.
May 8
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Issuance of prime auto ABS is falling short of the pace set in 2012, and Wells Fargo says this may be partly explained by the fact that more consumers are opting to lease, rather than buy, new vehicles.
May 8 -
Hyundai Capital America plans to issue $512 million of asset backed securities from its floorplan master trust structure, according to Moody’s Investors Service.
May 8 -
Shellpoint Partners said its shelf registration initially filed with Securities and Exchange Commission last October, was declared effective today.
May 8 -
The Structured Finance Industry Group’s first executive director comes from the ranks of an issuer: Richard Johns, a managing director and head of global funding and liquidity at Ally Financial.
May 8 -
New Oak Capital on Monday announced its new Mortgage Credit Service business that will be based in Danbury, CT.
May 7 -
Capital One is prepping a $500 million credit card securitization, its second of the year, according to Fitch Ratings.
May 7 -
Textainer Group, a lessor of intermodal containers, has amended its $1.2 billion warehouse securitization facility, extending the term and lowering the interest rate.
May 7



