View the year-to-date manager rankings for the different ABS sectors, including real estate, credit cards and autos.
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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 -
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
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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 -
Stafford Butts has joined Wells Fargo Securities as a managing director focused on structured products origination and execution for the European, Middle East, and Africa region.
February 26 -
Sallie Mae plans to issue the first private student loans backed ABS via its $1.1 billion SLM Private Education Loan Trust 2013-A (SLM 2013-A).
February 25