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Moody’s Investors Service predicts that, within the space of commercial mortgage backed securities, rising interest rates next year will heighten both the term risk of new deals and the refinance risk of outstanding ones.

Starwood Capital Group plans to issue a CMBS backed by a $760 million loan that was jointly originated by Barclays, The Royal Bank of Scotland and JPMorgan Chase Bank.

Fresh supply will outstrip run-off as analysts from the bank forecast that net supply would be $5 billion.

Moody’s Investors Service has found that loss severities on securitized mortgages linked to repossessed properties are the highest in Spain’s tourist regions. But they’re still within the agency’s assumptions.

The new series will be secured by a pledge from the 2004-1 certificates, which in turn, are backed by a pool of receivables linked to revolving Visa accounts held with World's Foremost Bank.

The largest tranche, for $274 million, is rated triple-A and priced to yield 3.6863%. Its weighted average life is 9.87 years.

Barclays anticipates that the securitization market will readily absorb the $48 billion of CMBS loans set to mature in 2014.

The Federal Housing Finance Agency has backed away from lowering the loan limits on Fannie Mae and Freddie Mae loans in 2014.

Moody’s Investors Service said it expect an increase of auto loan securitizations from regional banks like M&T Bank, Fifth Third Bank and California Republic, to increase in 2014.

As credit cards defaults and delinquencies continue to wane, banks and retailers are growing increasingly more confident in extending credit to consumers.