The right price for private capital is a moving target. Much depends on regulations over legal liabilities and risk retention requirements for originators that are still in flux.
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Egan-Jones Ratings Company and its president Sean Egan will be barred for at least 18 months from rating asset-backed and government securities issuers as a Nationally Recognized Statistical Rating Organization.
January 22 -
Kroll Bonds Rating and Fitch Ratings assigned preliminary ratings to Redwood’s second residential mortgage-backed securitization in 2013 called Sequoia Mortgage Trust 2013-2.
January 22 -
Hyundai plans to issue a $1.31 billion auto ABS deal called Hyundai Auto Receivables Trust 2013-A (HART 2013-A).
January 22 -
Ford Motor Credit’s Canadian subsidiary is shopping $538 million of notes backed by auto loans, its first retail deal of the year.
January 22 -
Marine container securitizations set an all-time record in 2012 with issuance totaling $3.6billion in volume.
January 22
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Sallie Mae said that it will continue to issue FFELP ABS to finance the redemption of all legacy FFELP loans previously sold into the U.S. Department of Education’s Straight –A conduit program.
January 18 -
Hertz priced an upsized, $950 million offering of three-year and five-year notes backed by its fleet of rental cars.
January 18 -
Morgan Stanley is marketing a $519 million CLO for LCM Asset Management.
January 18 -
Macquarie Bank priced $500 million of Aussia auto lease-backed notes targeting U.S. investors; a floating-rate tranche maturing in May 2015 pays Libor plus 27 basis points.
January 17 -
Goldman Sachs and Citigroup are next in line with the second conduit CMBS deal of the week, according to a U.S. Securities and Exchange prospectus filed today.
January 17 -
Deutsche Bank are marketing its $1.49 billion conduit CMBS deal, COMM 2013-LC6 Mortgage Trust’s, according to a Standard & Poor’s presale report published today.
January 17 -
Covered bond investors are taking a more flexible view of the ratings and other characteristics of these investments, according to a survey conducted last month by Fitch Ratings. Yet they are discriminating about which jurisdictions they want exposure to.
January 17