Weakening credit quality and falling prices on used-car values will cause some deterioration in existing auto asset-backed portfolios this summer, predicts Fitch Ratings.

The economics of actively managing a pool of leveraged loans for the benefit of several different classes of investors is not good. So some CLO managers are putting their deals on autopilot.

HSBC agreed to pay $1.58 billion to settle a 14-year-old shareholder lawsuit over allegations that executives of a U.S. subprime-lending business acquired by the bank misled investors.

Sierra Auto Finance, a subprime auto lender founded by a former executive of Exeter Finance, is making its debut in the securitization market.

Issuance volume of asset-backed securities for the year through June 17, 2016.

Underwriting league tables for asset-backed securities for the year through June 17, 2016,

Ford Motor Credit has launched an offering of $810 million of securities backed by prime retail auto loans.

California's new, higher legal smoking age heralds more trouble for tobacco securitization debt, said an analyst who has followed the sector for years.

A spring survey of European asset-backed portfolio managers shows a vast majority expects to increase their securitization holdings in 2016. But many see a “muted level” of issuance in which to add securities, according to the DBRS polling.

JPMorgan Chase is issuing its third credit-card securitization of the year – and the second this month – through its Chase Issuance Trust (CHAIT) platform of CHASEseries notes.

Fannie Mae has obtained an additional $563 million of mortgage reinsurance through three transactions.

SBA Communications is tapping the securitization market for $700 million, according to rating agency reports.