Finance

Rising U.S. home prices haven’t boosted the performance of mortgage bonds as much as might be expected, and Fitch Ratings says this is due to the length of time – and amount of money – it takes to sell repossessed homes.

USAA is marketing a $70 million catastrophe bond, according to a presale report from Standard & Poor’s.

Freddie Mac sold its second offering of notes transferring credit risk on the mortgages it insures at much lower cost than its initial offering in late June.

Santander Consumer USA is bringing its fifth subprime auto securitization of they year to the public market.

So far this year, securitization of loans to small and medium-sized companies totals $4.9 billion, according to Wells Fargo.

American Express is prepping a new credit card securitization worth $595 million, according to a presale from Fitch Ratings.

The deal, CIT's first this year, is one is backed by 29,644 small-ticket equipment lease contracts with a statistical contract principal balance of $529,676,998.

The latest two commercial mortgage securitizations to join the new-issue pipeline couldn’t be much more different.

By far the most prolific issuer of RMBS post-crisis, the REIT is readying a $325 million backed by prime jumbo mortgages.

“Direct exposure to either J.C. Penney or Sears is typically highest in seasoned deals where there are only a small number of loans remaining, and one is secured by a retail property,

JPMorgan may be trying to put the sins of the past behind it; however, put-back risk for the industry is alive and well despite efforts by the federal government to impose what it deems to be appropriate mortgage underwriting standards.

The peer-to-peer lending platform expanded into new territory at the beginning of October when investment management firm, Eaglewood Capital announced the completion of the first securitization of peer-to-peer consumer loans.

Volkswagen will stage a return to market with its $1 billion retail auto loans deal issued from its auto loan enhanced trust.

The $746.8 million deal is the lender’s sixth securitization of Federal Family Education Loan Program (FFELP) non-consolidation loans so far this year.

SolarCity plans to issue a $54.42 million private placement of solar asset backed notes, the company said in a press release today.

View the year-to-date manager rankings through Nov. 15 for the different ABS sectors, including real estate, credit cards and autos

Trepp’s CMBS delinquency rate hit a new low of 8% in October, a level this asset class hasn’t seen since early 2010.

Direct exposure to either J.C. Penney or Sears is typically highest in seasoned deals where there are only a small number of loans remaining, and one is secured by a retail property.

There's been a resurgence of issuance in bonds backed by both shipping container leases and aircraft operating leases. They share keysimilarities: highly cyclical industries, utilization and lease rate dynamics, and weak(er) lessee profiles/concentrations.