As banks exit mortgage servicing, new players are turning to

Ally Bank is planning a $1.25 billion prime auto loan securitization, according to a presale report by Fitch Ratings.

John Deere Capital Corp. plans to issue a $851.42 million equipment lease- backed securitization, according to prospectus supplement filed with the U.S. Securities and Exchange Commission today.

The Federal Housing Finance Agency’s new initiative to help streamline modifications for eligible borrowers is likely only to have a minimal impact on MBS, according to analysts at JP Morgan.

J.P. Morgan and Deutsche Bank are working on a $285 million CMBS backed by the Hotel del Coronado in San Diego, according to a Morningstar presale report.

The Oklahoma Student Loan Authority plans to issue a $211.82 million securitization of Federal Family Education Program loans, according to an offering memorandum.

Monex Credit Co. (MCC) will issue $75 million of precious metal backed notes.

Automotive Rentals (ARI) plans to issue a $453 million ABS backed mostly by fleet lease contracts for light trucks and cars.

National Bank of Canada plans to issue $419 million credit card receivables backed notes from its Canadian credit card trust.

In the week ended March 22, Moody’s Investors Service assigned new provisional or definitive ratings to seven collateralized loan obligations totalling $3.8 billion.

DBRS said in a report today that it declined to rate two RMBS transactions this year because of weaker representations and warranties (R&W) framework proposals in these recent securitizations.