Finance

They would be funded separately from its current auto loan portfolio and would not be included in the company’s current public securitization program.

The Basel Committee on Banking Supervision has proposed to relax securitization capital charges will lead to “meaningful reductions” in capital requirements.

The ratings agency said it plans to track performance measures such as charge-off rates, delinquency rollover rates, yields and excess spread to provide insight beyond the ratings.

Losses on the portfolios behind all U.S. auto loan securitizations tracked by Standard & Poor’s rose in October to the highest monthly level since January. Losses in the subprime segment hit their highest level since March 2010.

The final version allows banks to own and lend money to collateralized loan obligations backed exclusively by loans, though they may have to sell holdings of deals backed by bonds or other securities.

Issuers had engaged Standard & Poor’s to rate 32 collateralized loan obligations totaling $14.8 billion as of Nov. 29.

Chase Bank priced an upsized offering of $750 million of bonds backed by credit card receivables from its Chase Issuance Trust.

The Structured Finance Industry Group (SFIG) Las Vegas conference scheduled for Jan., is on track to be the largest securitization event of 2014 with an anticipated 5000 attendees.

View the year-to-date manager rankings through Dec.27 for the different ABS sectors, including real estate, credit cards and autos.

Vichara Technologies is collaborating with Markit to allow mutual clients to access Markit’s pricing service within Vichara’s platform.

Wells Fargo expects U.S. issuance of collateralized loan obligations to moderate in 2014, to $60 billion, partly as the result of regulations that make it less attractive to manage or own these securities

The Dutch State Treasury will begin selling from its $11.6 billion portfolio of U.S. non-agency RMBS held in the state's Illiquid Assets Back-up Facility.

Concern is mounting among investors and analysts that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage.

The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureau’s top official in charge of dealing with student loans.

The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.

The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.

Overall issuance growth will moderate in 2014, Fitch Ratings' managing director for asset backed securities says in the firm's outlook.