Citigroup plans to bring a $1.2 billion conduit CMBS deal called Citigroup Commercial Mortgage Trust 2013-GCJ11,

Gleacher & Co. said it is closing its MBS and rates, and credit product businesses effective immediately. It will remain in the investment banking business.

This is only days before the American Securitization Forum (ASF) is scheduled to host its annual conference, also in Last Vegas.

Consel SpA an Italian consumer credit company plans to issue Monviso 2013, a €348 million ($454M) securitization deal backed by Italian consumer and personal loans, according to a Standard & Poor’s presale report.

Toyota Motor Credit Corporation priced its upsized $1.25 billion auto receivables-backed securitization deal on Tuesday.

Pricing has emerged on a $500 million collateralized loan obligation that Bank of America is marketing for CVC Credit Partners.

Bank of America, Citigroup and JPMorgan Chase all received failing grades on Fannie Mae's test of mortgage servicers based on overall performance, customer service and foreclosure prevention efforts.

Private student loan lenders already give borrowers options that fall in line with what the Consumer Financial Protection Bureau is considering to make private student loan repayments more affordable, according to the Education Finance Council.

They will report to Adam Siegel and David Cannon, both co-heads of ABS/MBS/CMBS trading, Americas.

Flagship Credit Acceptance is in the market with a $222.16 million transaction backed by subprime auto loans and led by Wells Fargo Securities.

Flagship Rail Services plans to issue an inaugural securitization of railcar leases that has been assigned preliminary ratings by Standard & Poor’s.

Wells Fargo plans to issue a $300 million single asset, CMBS that is collateralized by one fixed rate whole loan secured by Bergen Town Center mall in Paramus, NJ.