Sallie Mae priced its $1.2 billion securitization of Federal Family Education Loan Program (FFELP) loans, SLM 2013-1.
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The rise in home values has limited impact on residential mortgage-backed securities loss severities on liquidated loans that are backed by properties that have been delinquent for three years or more, according to Moody’s Investors Service.
April 24 -
Europe’s auto ABS pipeline continues to build and the latest boost comes from SOFIRA’s EUR550 million ($714.5M) revolving cash securitization of dealer floorplan receivables extended to auto dealers in France.
April 24 -
First Capital closed its $283 million securitization of senior secured working capital loans to small and mid-sized private companies.
April 24 -
In the American Securitization Forum’s ongoing bid to restore securitization’s once-prominent role in funding housing, the trade group released a clutch of proposals Tuesday.
April 23 -
SeaCo plans to issue a $200 million marine container lease backed securitization deal that will be rate by Standard & Poor’s.
April 23
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BMW plans to launch a CHF 300 million ($318M) Swiss auto lease ABS, Bavarian Sky Europe, Compartment 1; the issuer’s first transaction in the Swiss market.
April 23 -
European banks and vehicle manufacturers are increasingly funding auto lending through the securitization market, according to Standard & Poor's report.
April 23 -
Sallie Mae is marketing its second private student loan-backed securitization of 2013 via the $851 million SLM Private Education Loan Trust 2013-B.
April 23 -
Nelnet plans to issue a $765 million Federal Family Education Loan Program (FFELP) loans-backed securitization that also includes 24.6% of rehabilitated loans.
April 23 -
Moody's Investors Service is seeking comments from market participants on proposed adjustments to how it evaluates tail risk in residential mortgage-backed securities that do not have compensating support mechanisms.
April 22 -
Mortgage REIT Redwood Trust is readying its sixth private-label securitization of residential mortgages (RMBS) this year, according to re-sale reports from Fitch Ratings and Kroll Bond Ratings.
April 22 -
The Climate Bond Initiative said securitization is an ideal way to unlock further funding for the International Finance Corporation's “green” bonds.
April 22