Finance

FGA Capital, the company formed by a joint venture between Fiat and Credit Agricole, is gearing up to sell €437.5 million of senior rated securities backed by Italian auto loans.

Santander Consumer Finance plans to sell securities backed by Finnish auto loan receivables.

Accord Mortgages, a subsidiary of Yorkshire Building Society plans to securitize a £1.3 billion ($2.09B) portfolio of UK residential mortgages.

Congress should amend the bankruptcy code to permit borrowers to discharge student loan debt if their net monthly income is insufficient.

Timothy Yanoti, Fannie Mae’s former head of securitization, has been named president and a board member of American Financial Resources, an independent mortgage originator.

Aegon priced €1.3 billion ($1.6B) in bonds backed by Dutch residential mortgages and ABN AMRO’s announced plans to issue additional securities from its Dolphin RMBS master trust.

Deutsche Bank and Credit Agricole sold £750 million ($1.26 billion) of bonds backed by the Westfield shopping center at the tighter end of initial price guidance, according to a person familiar with the deal.

Dignity, the U.K.'s second-largest funeral services provider and the biggest private cremation provider, plans to refinance its securitized debt obligations, via a new transaction.

Deutsche Bank is remarketing a U.K. CMBS backed by the Westfield shopping center after having pulled the deal in early August.

Which opinion is more reliable: A well-informed one tainted by financial arrangements or one free of such conflicts but based on limited data — and possibly colored by spite?

The volume of securitization tranches that have earned the label of Prime Collateralised Securities (PCS) has topped €100 billion ($127 billion), according to a release from the eponymous organization.

Triet Nguyen is starting as a managing director at NewOak on Monday

Obvion priced a Dutch residential mortgage loan securitization today at the tight end of initial price guidance.

Commercial real estate lender Walker & Dunlop has expanded its recently added three originators to its conduit and high yield lending joint venture with Fortress Investment Group.

The restructuring proposal of Bradford & Bingley's Aire Valley RMBS master trust has prompted mixed reaction from two rating agencies.

RCI Banque, the financing arm for Renault Nissan Alliance, hired BNP Paribas, Societe General and HSBC to manage a €644 million ($820M) securitization of French auto loans.

Volkswagen Leasing upsized a German auto lease securitization to €1 billion ($1.28B) from €723 million, and priced the deal this week.

CircleBack Lending has entered into an agreement with Jefferies Group to finance, and eventually securitize, up to $500 million of unsecured consumer loans.

Participants at ABS East seem to have come to terms with the requirements of Regulation AB II.