Finance

Investors plan bigger increases in their holdings of esoteric ABS than securities backed by consumer or ercial assets over the next 12 months, according to a survey of conducted by DBRS.

Revisions to Solvency II, while more securitization friendly, still reduce the appeal of asset backed securities to European insurers, according to Standard & Poor’s.

Securitizations of Spanish SME loans are facing trouble on two fronts: rising corporate insolvencies and new legislation on debt refinancing and restructuring.

American Residential Properties plans to raise $300 million in medium-term debt via a securitization of single family rental properties.

The bill released by Sens. Tim Johnson and Mike Crapo would create a reinsurance fund to recoup losses on securities, establish a common securitization platform for the secondary mortgage market and open access to the secondary market for smaller lenders through a cooperative.

More diversity may be on the way for Russia’s traditionally mortgage-bond monopolized securitization market, according to a report by Standard & Poor’s.

The Structured Finance Industry Group wants more time to evaluate proposed revisions to rules governing reporting and disclosure requirements for asset-backed securities.

New Residential Investment Corp., a real estate investment trust, is preparing to issue $1.96 billion of securities backed by mortgage servicing advance receivables.

Moody’s Investors Service threw its hat into the ring, publishing its ratings methodology on single-family home rental securitizations

Santander Consumer Bank plans a €600 million securitization of German auto loans dubbed SC Germany Auto 2014-1 UG.

The subprime credit card market, long down for the count, may finally be poised for a comeback.

George Canellos, the SEC’s former co-director of enforcement, has joined Milbank, Tweed, Hadley & McCloy as global head of the litigation department.

Regulation AB governs registration, reporting and disclosure requirements for all things asset-backed. The Securities and Exchange Commission appears to be ready to update it significantly, but, nearly four years after changes were originally proposed, it’s not clear exactly what the Commission will do.

Housing boom-era mortage bonds, written off as “toxic waste” during the financial crisis, are performing better than expected.

View the year-to-date manager rankings through March 21 for the different ABS sectors, including real estate, credit cards, student loans, autos, and collateralized debt obligations.

While lawmakers continue to press regulators to exempt collateralized loan obligations from Volcker Rule restrictions, managers of these deals have found another workaround – and this one allows them to invest in bonds.

Managers and arrangers of U.S. collateral loan obligations have struggled to satisfy the European Union’s risk retention requirement. However, the final draft rules published by the European Banking Authority include a new concession that may assist U.S. managers in accessing an investor base in the region.