A highlight in the month was Barclays Bank's first SEC-registered credit card platform called Dryrock Issuance Trust.
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After contracting sharply last year amid regulatory uncertainty and an economic slowdown, Brazil’s structured finance market now appears to be poised for a recovery.
February 27 -
Spreads in the primary market have tightened so much that equity holders are calling collateralized loan obligations issued as recently as 2011 in order to fund new deals more cheaply.
February 27 -
Strong payment structures and high credit enhancement levels will mitigate the impact of less conservative underwriting on subprime auto loan securitizations.
February 27 -
Investors are signing on to auto loan securitizations that allow sponsors to add new, and potentially riskier, loans to the pools of collateral at a later date
February 27 -
How long until looser underwriting affects the performance of auto securitizations?
February 27
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Ratings agencies have received a number of proposals for private-label residential mortgage backed securities (RMBS) and they apparently do not like what they see.
February 27 -
Even though issuance of credit card asset-backed securities so far this year is running ahead of the first two months of 2012, outstanding volumes of deals keeps retreating.
February 27 -
Freddie Mac plans to issue its third multifamily CMBS this year; a $900 million deal that will be backed by mortgages with a 5-year term.
February 27 -
The “qualifying residential mortgage” rules that affect securitization may be a carbon copy of the CFPB “qualifying mortgage” standards.
February 27 -
Special Servicers of loans in CMBS deals today don’t necessarily hold a first loss position in these deals, according to a Fitch Ratings report.
February 26 -
Cabela’s Incorporated plans to sell $255 million private label credit card ABS deal via its Credit Card Master Note Trust, Series 2013-I.
February 26 -
Utility tariff bonds continue to price wide of other off the run ABS asset classes despite offering investors strong credit and strong fundamentals, according to Wells Fargo Securities.
February 26