Finance

GE Capital is preparing $746.576 million of notes backed by equipment loans, according to a regulatory filing.

First National Bank of Omaha is planning to issue a $328.95 million bank credit card ABS through its First Bankcard Master Trust.

Shellpoint, the home lender founded by mortgage-bond pioneer Lewis Ranieri, removed loans made to foreign nationals from its RMBS deal dubbed Shellpoint Asset Funding Trust 2013-2.

F. Van Lanschot Bankiers is working on a new prime Dutch RMBS issue, Lunet RMBS 2013-I, according to a Standard & Poor’s presale report.

The European Commission and European Investment Bank plans to stimulate SME lending via securitization could be ready by January 2014, according to an Economic and Financial Affairs Council.

Sallie Mae said today during its 3Q 2013 conference call that its Federal Family Education Loan Program (FFELP) residual securitization sales have demonstrated good value.

Consumer loan demand weakened slightly in the third quarter in some parts of the country while others saw a small boost, according to the Federal Reserve Board's Beige Book.

The shorter the time a loan is in special servicing, the higher the recovery rate, according to a new analysis from Moody's Investors Service.

CVC Credit Partners is preparing a $490 million collateralized loan obligation, according to rating agency reports.

Fannie Mae priced its inaugural issue of $675 million of bonds transferring the credit risk on mortgages that it insures.

Santander Consumer USA plans to issue a securitization backed by prime/nonprime auto loan receivables from its Chrysler Capital Auto Receivables Trust, the issuer’s first deal to veer away from subprime.

A €350 million ($473 million) catastrophe bond providing coverage for AXA Global P&C just closed,

Navistar is back in the market with a $200 million dealer floorplan ABS deal that has been assigned preliminary ratings by Moody’s Investors Service.

CarFinance is coming down the pike with a $304-million securitization of subprime auto loans. It's the company's third asset-backed ever.

Standard & Poor’s is considering criteria changes that would make it more difficult for a structured finance transactions to earn a rating above the "sovereign ceiling," or the rating of the nation in which it is domiciled. The proposed criteria would cut the maximum ratings differential to four notches from the current six, in most cases.

Until recently, the residual interest in student loan securitizations was a tough sell, but there have been at least two issues of bonds backed by excess cash in these deals, and Fitch Ratings expects to see more.

Bulk sales of distressed CMBS assets by special servicers help drive delinquencies down in the space but may expose senior mezzanine/AJ tranches to losses.

Morgan Stanley and Bank of America priced $1.27 billion of commercial mortgage backed securities, according to a regulatory filing.

Ally Financial plans to issue a fourth offering of bonds backed by subprime auto loans, according to filing with the Securities and Exchange Commission.