CarMax Business Services LLC is preparing its first issue of 2013,a $800 million auto asset-backed securities deal called CarMax Auto Owner Trust 2013-1.

A New Haven federal grand jury has accused former Jefferies RMBS trader, Jesse Litvak with engaging in a scheme to defraud customers on residential mortgage-backed securities (RMBS) trades.

There’s been a lot of talk about the REO-to-rental market over the past year, but no clear indication of how securitization can play a role. That was the case as well at a break out session of the American Securitization Forum’s conference.

With CMBS as surprisingly active as it has been since the start of the year, it should come as no surprise that participants of ASF’s 2013 conference were growing more bullish about the sector’s prospects for the entire year.

Participants on a panel at the ASF’s 2013 conference said the major stumbling block remains uncertainty about what would happen to covered bondholders in the event of a troubled issuing bank going into receivership.

In marked contrast to recent years, speakers at the first major panel of the day sounded some fairly upbeat notes.

Spreads on collateralized loan obligations CLO spreads may have tightened quite a bit over the last two years, but they still have a long way to go, according to panelists at the American Securization Forum’s annual meeting.

In the keynote address of the American Securitization Forums 2013 conference, Thomas Curry, comptroller of the Office of the Comptroller of the Currency, stressed the progress that the housing market has made.

The true-up mechanism structured in utility tariff ABS deals has helped deals with exposure to hurricane Sandy, weather the storm said Fitch Ratings.

Nationstar Mortgage said it is developing a programmatic Term ABS issuance program to finance current and future acquisitions of Agency and non-Agency servicing advance assets.

Citi’s new service allow structured finance investors to access the bank’s secure investor reporting website to view notices online in real-time.

First Investors Financial Services issued its $187 million subprime auto lease deal in a private placement transaction, the company said today.