The agency's president Ted Tozer said the government guarantor has enough cash reserves to handle any potential losses.
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Ally Bank’s upsized $1 billion dealer floorplan ABS priced on Tuesday wide of levels seen in the recent Ford Credit Floorplan Master Owner Trust deal.
February 13 -
Citigroup is arranging two collateralized loan obligations totaling nearly $1 billion; one for Columbia Management and one for the Carlyle Group.
February 13 -
Fitch Ratings warns that competition among subprime auto lenders could result in a loosening of underwriting standards, leading to weaker collateral in 2013 deals than in prior years.
February 12 -
Invesco is planning a $400 million collateralized loan obligation, according to a presale report issued by Moody’s Investors Service.
February 12 -
The CMBS primary pipeline added another $1.48 billion of commercial mortgage-backed bonds with the UBS Securities/Barclays Capital conduit, UBS-BB 2013 C-5.
February 12
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Comenity Bank formerly World Financial Network Bank, plans to issue a $480 million securitization from its credit card master note trust.
February 12 -
The South Carolina Student Loan Corporation has a $324 million deal in the works, according to a pre-sale from Fitch Ratings.
February 11 -
With competition for auto lending heating up, Chrysler Group wants to cut in half the time it takes to approve financing for the purchase of a vehicle, according to Peter Grady, vice president of dealer network development and fleet financing operations.
February 11 -
CLOs that are tracked in an index compiled by Standard & Poor’s show that fewer ‘CCC’-rated loans in their pools translate into better performance for transactions.
February 11 -
Flagstar Bancorp has revised its financial results from a $66.8 million profit in the fourth quarter to a $94.2 million loss due to lawsuits by MBS insurers.
February 11 -
Direct Capital Corporation said it completed its first securitization of equipment lease backed notes, a $16O million deal called Direct Capital Funding IV LLC 2013-1.
February 11 -
Analysts at Bank of America Merrill Lynch see value in Australian RMBS for global investors, despite the recent downgrades of junior notes by Moody’s Investors Service.
February 11