Finance

John Deere is planning an $848.6 million securitization of agricultural and construction equipment loans, it second deal of the year.

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America this year — its largest to date — because the bank needed Fannie's approval to sell billions of dollars in servicing rights.

New Star Financial is marketing a $400 million middle market collateralized loan obligation.

Regulators have officially gone back to the drawing board in trying to implement Dodd-Frank Act restrictions on securitized mortgages.

Mitchell Glynn, Lucie Bonnieux and Ran Landmann have joined CVC’s European group and Caroline Benton has joined its U.S. operations.

Insight Wireless Group is marketing $177.5 million of securities backed by mortgages on cellular towers.

CNH Capital America's latest, $755.5 million equipment lease securitization priced wide of levels on its previous deal, which came to market in May.

The $885 million MBS settlement UBS reached with the government-sponsored enterprises may motivate more banks to fight lawsuits in court rather than pay excessive costs like this, according to Fitch Ratings.

While credit card issuance ran ahead of maturing deals in August, this trend is unlikely to hold for the rest of the year, said Wells Fargo analysts.

As refinancing volumes plummet, lenders are trying to extend the home financing boom by pitching adjustable-rate mortgages to borrowers, harkening back to the pre-crisis boom years.

Kroll Bond Ratings Agency said to expect more of the aggressive growth the market has seen since the liquidity crisis but also an increase in defaults and losses on the back of a rising rate environment.

Cabela's priced $350 million of credit card ABS, upsized from $291 million.

A collateralized loan obligation (CLO) is in works from collateral manager West Gate Horizons Advisors for $366.65 million, according to Standard & Poor’s.

Cash balances for U.S. 2.0 collateralized loan obligations and for European CLOs have climbed in 2013, according to Thomson Reuters.

Barclays has hired Adrian Radulescu to join its U.S. credit structuring team this month as a director, according to market sources.

Jumbo securitization is just one of many key financing strategies the hybrid real estate investment trust Two Harbors Investment Corp. is turning to as the government reduces its MBS footprint.

NorthStar Realty Finance Corp. has priced a collateralized debt obligation backed by commercial real estate; only it's not calling the transaction a CRE-CDO.

CLO issuance fell dramatically in July to $3 billion, the lowest level seen since July 2012 at $2.2 billion.

Servicing of non-agency residental mortgage backed securities continued to shift from banks in to the hands of non-banks in the second quarter of 2013 and this trend will continue.